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

System Dynamic Model Economic Thought Professional Economist World Dynamics Positive Loop 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.
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Copyright information

© Springer-Verlag 2009

Authors and Affiliations

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