Basic macroeconomic model?

"Richard G. Dudley" · Post by **"Richard G. Dudley"** » Tue Apr 01, 1997 7:18 am

STELLA (at least version 4) comes with at least three economic example
models: 2 installed under the directory "appmdls" (asmith1 and asmith2)
and 1 installed under the directory "samples" (economics.stm). They are
all quite nice and would seem appropriate for what you need.

Also the book Dynamic Modeling by Hannon and Ruth has a number of basic
economic models of varying complexity.

--
Richard G. Dudley

rdudley@indo.net.id
http://home.indo.net.id/~rdudley

"Bob Cavana" · Post by **"Bob Cavana"** » Tue Apr 01, 1997 10:14 am

Alan

the best (!) example of a small SD macro economic model of small economy
in the south Pacific area was developed by Eric Haywood and Bob
Cavana (!) at the New Zealand Planning Council in the mid 1980s.
while it doesnt contain all the variables you have identidfied it
does contain macro economic variables such as population, employment,
capital formation, total output, exports, imports, other balance of
payment items, some price indices etc.

we presented a simplified version of this model at the international
SD conference in San Diego in 1988, and more recently i presented a
brief comparison of the model scenarios with the actual economic
outcomes at the 1996 Conference of the Indian SD Society at
Bangalore (this paper is being further developed for presentation in
the SD stream of the Asia Pacific Operational Research Societies
(APORS) in Melbourne in December 1997.
Further details of the APORS conference can be found on the web site:
URL: http://www.maths.mu.oz.au/~worms/apors/apors.html

Bob Cavana
Bob.Cavana@vuw.ac.nz

saeed@ait.ac.th (Khalid Saeed) · Tue Apr 01, 1997 5:46 pm

You might wish to look at:

Saeed, K. and Radzicki, M. J. A Post-Keynesian Model of Macro-Economic
Growth, Instability and Income Distribution. Meeting of the Association for
Evolutionary Economics. Boston, MA: AFEE January 1994.

What do you wish to use this model for?

Khalid
saeed@ait.ac.th

Khalid Saeed
Professor and Program Coordinator
Infrastructure Planning & Management Program
School of Civil Engineering
ASIAN INSTITUTE OF TECHNOLOGY
P.O. Box 4, Klongluang, Pathumthani, THAILAND 12120
phones: (66-2) 524-5681, (66-2) 524-5785; fax: (66-2) 524-5776
email: saeed@ait.ac.th
Visit our program website at: http://www.ipm.ait.ac.th/

Alan Huth · Post by **Alan Huth** » Tue Apr 29, 1997 10:13 pm

Can anybody direct me to an SD model of the macro economy at the very
simplified level? Including such things as inflation, housing starts,
employment, interest rates, inventories, money supply, etc. I am
looking for a simple (well, relatively speaking) instructional tool to
help explain the interaction between macro factors to non-technical
people.

Thanks,

Alan Huth
alan@ashock.com
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Bruce Hannon · Post by **Bruce Hannon** » Wed Apr 30, 1997 2:43 pm

STEVE PETERSON AT HIGH PERFORMANCE SYSTEMS DID SUCH A MODEL IN STELLA YEARS
AGO. ALSO THE SECOND MEADOWS BOOK ON LIMITS TO GROWTH HAS SUCH A MODEL, THO
NOT STRICTLY ONE OF THE USUAL ECONOMIC KIND.

Bruce Hannon, Jubilee Professor
Liberal Arts and Sciences
Geog/NCSA
220 Davenport Hall, MC 150
University of Illinois
Urbana, IL 61801
http://www.gis.uiuc.edu
217 333-0348 office
217 244 1785 fax