BUSINESS INFORM №5-2011, Vol.1

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4

Section: Mechanisms of Regulation of the Economy
Kovalevskiy D. V.
Macroeconomic Dynamics Modeled in SDEM-2: Can Self-Interested Business Prefer Stagnatioin to Growth? (p. 14 - 17)
The growth of a closed economy driven by conflict of interests of two model actors, employers (business) and employees (wage-earners), is modeled in an upgraded version of the Structural Dynamic Economic Model (SDEM-2). System dynamic and optimization model setups are considered. It is shown that self-interested business striving to optimize its utility can choose a strategy leading to stagnation.

Kovalevskiy Dmitriy Valerievich – candidate of physical and mathematical sciences, senior research fellow, head of group, Nansen International Center on Environment and Remote Sensing (St. Petersburg, Russia)

Article is written in English
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Reference to this article:
Kovalevskiy, Dmitriy Valerievich. (2011) “Macroeconomic Dynamics Modeled in SDEM-2: Can Self-Interested Business Prefer Stagnatioin to Growth?.” Business Inform 5(1):14–17.

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