The origins and evolution of policy modeling
This article examines the origins and evolution of policy modeling from a theoretical and technical perspective. This is done through an extensive review and analysis of publications of the journal of policy modeling within a 33-year period (1979–2012). It was observed that at different period in time, economic policy research focused on different national and international issues that invoked different economic practical approaches to facilitate the explanation of the complex and dynamic socio-economic and political phenomena.
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- Milton Friedman, 1957. "Introduction to "A Theory of the Consumption Function"," NBER Chapters,in: A Theory of the Consumption Function, pages 1-6 National Bureau of Economic Research, Inc.
- Nash, John, 1950. "The Bargaining Problem," Econometrica, Econometric Society, vol. 18(2), pages 155-162, April.
- Barro, Robert J., 1976. "Rational expectations and the role of monetary policy," Journal of Monetary Economics, Elsevier, vol. 2(1), pages 1-32, January.
- Milton Friedman, 1957. "A Theory of the Consumption Function," NBER Books, National Bureau of Economic Research, Inc, number frie57-1, October.
- Ruiz Estrada, Mario Arturo, 2011. "Policy modeling: Definition, classification and evaluation," Journal of Policy Modeling, Elsevier, vol. 33(4), pages 523-536, July.