A note on the integration of system dynamics and economic models

Détails

ID Serval
serval:BIB_AAEA9FFFD68F
Type
Article: article d'un périodique ou d'un magazine.
Collection
Publications
Institution
Titre
A note on the integration of system dynamics and economic models
Périodique
Journal of Economic Dynamics and Control
Auteur⸱e⸱s
Smith P.C., van Ackere A.
ISSN
0165-1889
Statut éditorial
Publié
Date de publication
01/2002
Peer-reviewed
Oui
Volume
26
Numéro
1
Pages
1-10
Langue
anglais
Résumé
Equilibrium is probably the principal focus of most areas of economic analysis. However, the policy maker is often interested not only in the equilibrium predictions arising from an economic model, but also in the path taken by policy variables as they move towards that equilibrium. It is therefore likely that integration into a dynamic framework will frequently enhance the usefulness of an economic model. Recent developments in computer software mean that system dynamics offers a readily accessible methodology for making this principle operational. The approach is illustrated using an example from the British National Health Service, in which a traditional economic model of supply and demand is deployed within a system dynamics model.
Mots-clé
methodology, system dynamics, policy, health care
Web of science
Création de la notice
02/06/2009 14:31
Dernière modification de la notice
21/08/2019 6:14
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