This paper describes a System Dynamics model of the foreign trade sector in a small open economy. The model is used to investigate the consequences of various economic policies aimed at solving problems which a high-cost country may experience when its debt-ratio begins to increase. With the model, we simulate some of the economic consequences of currency devaluation, tax increase, restrictive public policy and income freeze. Each of these measures significantly improve the debt-ratio, but only after a delay of 5-8 years, as a result of various bottlenecks in the decision-making process.

This is the whole item.

Date created

• 1981

Type

• Document

Processing Activity

• Processing documentation available at: https://wiki.albany.edu/display/SCA/Processing+Ingested+Digital+Files

License

• Creative Commons BY-NC-ND Attribution-NonCommercial-NoDerivs 4.0 International

  
  Contact Us for questions or additional rights.

ITEM CONTEXT

Part of

e8eac154b3129692f26c222dbc2c9466

Scope and Contents

Part of

4a97153f59047c298f3bcd6b15c284f5

Scope and Contents

Part of

23d738ba88f8333bc39725f9cb5bd0b8

Scope and Contents

Collection

System Dynamic Society Records

Scope and Contents

Collecting area

• This collection is part of the University Archives