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Economic Analysis: Theory and Practice
 

Theoretical aspects of economic diagnostics as compared to economic analysis

Vol. 16, Iss. 5, MAY 2017

PDF  Article PDF Version

Received: 19 December 2016

Received in revised form: 26 January 2017

Accepted: 17 April 2017

Available online: 29 May 2017

Subject Heading: THEORY OF ECONOMIC ANALYSIS

JEL Classification: B40, D83, G33, M40, M41, M49

Pages: 948-959

https://doi.org/10.24891/ea.16.5.948

Tolpegina O.A. Russian Presidential Academy of National Economy and Public Administration (RANEPA), Moscow, Russian Federation
Tolpegina_Olga@mail.ru

Importance The article considers theoretical bases of economic diagnostics formation, distinctive features of the methodology as compared to economic analysis from the perspective of timeliness of the research process, specifics of the study, role, and tasks faced by economic analysis and economic diagnostics.
Objectives The purposes of the study are to explore the problem of uncertainty in the justification of economic diagnostics as an independent analytical work, investigate its economic substance, describe its target function, a role in crisis management, etc.
Methods In the study, I applied methods of scientific knowledge of empirical level, i.e. observation, comparison, description, classification, generalization; methods of experimental and theoretical level, including synthesis, hypothetical, historical and logical methods.
Results The analysis shows that differentiation of a diagnostic study is caused by the rationale to track the dynamics of certain types of crisis, evaluate aftermath of crisis, and the need to predict the degree of bankruptcy related to the impact of factors of certain types of crisis. The comparative evaluation reveals the main difference of the diagnostic study.
Conclusions and Relevance Economic diagnostics is a significant concept. It includes a set of methodological tools that help identify reasons of deviations of a particular parameter and offer ways to address them.

Keywords: methodology, economic diagnostics, analysis, crisis management

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