Abstract
The System Dynamics National Model was undertaken to show how local policies governing decentralized decisions in an economy create observed overall economic behavior. I feel we have succeeded well beyond our original expectations. The model, endogenously, without any external driving time series, generates the major observed modes of economic behavior:
business cycles
inflation
stagflation
the economic long wave
and growth.
This paper is drawn from the introduction of a book now being written on the System Dynamics National Model.
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© 1989 Springer-Verlag Berlin Heidelberg
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Forrester, J.W. (1989). The System Dynamics National Model: Macrobehavior from Microstructure. In: Milling, P.M., Zahn, E.O.K. (eds) Computer-Based Management of Complex Systems. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-74946-9_1
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DOI: https://doi.org/10.1007/978-3-642-74946-9_1
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-540-51447-3
Online ISBN: 978-3-642-74946-9
eBook Packages: Springer Book Archive