Naslov
National economic model: a case of the transition economy

Autori
Sovilj, Siniša ; Tkalec, Marina ; Pripužić, Dominik

Vrsta, podvrsta i kategorija rada
Sažeci sa skupova, neobjavljeni rad, znanstveni

Izvornik
Proceedings of 35th International Conference of the System Dynamics Society 2017 / - : System Dynamics Society, 2017

Skup
The 35th International Conference of the System Dynamics Society

Mjesto i datum
Cambridge (MA), Sjedinjene Američke Države, 16.07.2017. - 20.07.2017

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
national economic model ; system dynamics ; macroeconomics ; economic policy analysis

Sažetak
In this study we evaluate a national economic model using a system dynamics approach. We use a set of macroeconomic data for a transition economy to validate the model behavior in the past, and then simulate the future paths of key macroeconomic variables. Instead of studying only a fraction of the economy, or using simple and abstract models, we build a large-scale national economic model. As the study is based on system dynamics information feedback, it provides additional insights about the macroeconomic effects of the economic policy, making it a valuable tool for economic policy analysis. Such insights are instrumental for understanding the total effects of economic policies and their full economic consequences. To demonstrate this, we have simulated one interesting economic policy intervention.

Izvorni jezik
Engleski

Znanstvena područja
Računarstvo, Ekonomija, Informacijske i komunikacijske znanosti

POVEZANOST RADA