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Analyzing qualitative behavior in a policy design system dynamics model

Author

Listed:
  • Aracil, M. Jose

    (Facultad de Ciencias Económicas y Empresariales Universidad de Sevilla)

  • Aracil, Javier

    (Universidad Autónoma de Madrid)

  • Gordillo, Francisco

    (Universidad de Sevilla)

Abstract

The aim of this paper is to introduce a methodology for systematically analyzing System Dynamics models that display qualitatively different behaviors (growth and decay, for example) as the value of some parameters change. The practical application of the methodology benefits from a computer tool which can be implemented with conventional computer environments used in System Dynamics. The methodology proposed here is based on conventional sensitivity analysis. The advantage of this methodology becomes apparent when it is essential to discriminate between different behavior modes to obtain relevant conclusions about a model. The methodology is presented by its application to a policy design model that shows behavior modes which are mainly growth and decay processes.

Suggested Citation

  • Aracil, M. Jose & Aracil, Javier & Gordillo, Francisco, 2003. "Analyzing qualitative behavior in a policy design system dynamics model," European Journal of Economic and Social Systems, Lavoisier, vol. 16(2), pages 197-217.
    • Handle: RePEc:ris:ejessy:0140
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    More about this item

    Keywords

    System Dynamics; Sensitivity Analysis; Qualitative Behavior; Economic Policy Model;
    All these keywords.

    JEL classification:

    • C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis

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