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Using System Dynamics in Macroeconomics

Author

Listed:
  • K. Lawler

    (University of Kuwait, Kuwait)

  • T. Vlasova

    (Northumbria University, UK)

  • A. Moscardini

Abstract

In our previous studies, the authors argued that Economic Science in particular thesub –field of macroeconomics needed a profound reset and upgrade. It must use the systemic and cybernetic tools that are now available. This paper promotes a new paradigm and presents three examples that illustrate how a judicious application of systems theory can help to better understand the problem and offers a tool (System Dynamics) as a means of obtaining meaningful solutions.

Suggested Citation

  • K. Lawler & T. Vlasova & A. Moscardini, 2019. "Using System Dynamics in Macroeconomics," Вестник Киевского национального университета имени Тараса Шевченко. Экономика., Socionet;Киевский национальный университет имени Тараса Шевченко, vol. 3(204), pages 34-40.
    • Handle: RePEc:scn:pnoeeq:204a5
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    References listed on IDEAS

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