Complex Systems in Finance and Econometrics

2011 Edition
| Editors: Robert A. Meyers (Editor-in-Chief)

System Dynamics and Its Contribution to Economics and Economic Modeling

  • Michael J. Radzicki
Reference work entry
DOI: https://doi.org/10.1007/978-1-4419-7701-4_39

Article Outline

Glossary

Definition of the Subject

Introduction

Types of Dynamic Simulation

Translating Existing Economic Models into a System Dynamics Format

Improving Existing Economic Models with System Dynamics

Creating Economic Dynamics Models from Scratch

Model Validity

Controversies

Future Directions

Bibliography

Keywords

Petroleum Malaysia 
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Copyright information

© Springer-Verlag 2009

Authors and Affiliations

  • Michael J. Radzicki
    • 1
  1. 1.Worcester Polytechnic InstituteWorcesterUSA