The System Dynamics National Model: Macrobehavior from Microstructure
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:
the economic long wave
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© Springer-Verlag Berlin Heidelberg 1989