A multi-sector, input-output version of Sterman's simple Long Wave Model is developed to investigate the validity of the capital self-ordering theory for a more realistic system with diverse capital types. Simulation experiments with varying capital lifetimes and input-output coefficients tend to reproduce the characteristic fluctuations in capital production, caused by self-ordering, with a period in the 30 to 70 year range. However, complex patterns of oscillation with wide variance in period can emerge, explained by varying dominance of self-ordering loops. The analysis thus confirms the destabilizing effect of self-ordering and its significance for long term fluctuations while raising issues and generating new insights about the-long wave.

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Date created

• 1985

Type

• Document

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

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

  
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ITEM CONTEXT

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11576afb39e5cd4a779a3912c119ca81

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Part of

8cc5e98280358f60c3a33cc99e75a20e

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Part of

23d738ba88f8333bc39725f9cb5bd0b8

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Collection

System Dynamic Society Records

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Collecting area

• This collection is part of the University Archives