AGENT-BASED MULTIREGIONAL INPUT-OUTPUT MODEL OF THE RUSSIAN ECONOMY
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AGENT-BASED MULTIREGIONAL INPUT-OUTPUT MODEL OF THE RUSSIAN ECONOMY
Annotation
PII
S042473880000616-6-1
Publication type
Article
Status
Published
Pages
112-131
Abstract
The paper for the first time presents a concept and a pilot version of an agent-based multiregional input-output model (ABMIOM) of the Russian economy. In this model independent economic agents interact in the space in the conditions of bounded information, which corresponds to the modern out-of-equilibrium paradigm of economic modeling. The model presented differs of some existing agent-based models as follows: 1) it presents the whole economy rather than a specific segment of the market; 2) it takes in account the geographic locations of agents explicitly; 3) it is compatible with an existing normative model (multiregional input-output model) and is based on real data. Special attention is paid to the evolution of the equilibrium concept in the modeling of economic systems, especially, of spatial economies, to the algorithm of the search of equilibrium and to possibilities of studying it. Some presented results of experimental calculations allow to analyze the convergence of the model to the state of quasi-equilibrium.
Keywords
agent-based models, interaction of agents, economic space, equilibrium
Date of publication
01.01.2016
Number of purchasers
1
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914
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