This paper discusses the general structure and implementation of a System Dynamics model of the New Zealand economy. The model, called SDMACRO, has been developed at the New Zealand Planning Council to provide likely trend movements, some 10-15 years into the future, in the key macro-economic aggregates including gross domestic product, capital formation, population, employment, exports, imports, and the current account balance. The base case run of the model is presented together with scenarios which show optimistic and pessimistic future outlooks for the New Zealand economy. In addition, the paper briefly describes how SDMACRO is used with a 22 sector general equilibrium model, Julianne, as part of another Planning Council study which examines national and sectoral development paths of the New Zealand economy up to 1995. Finally, some recent extensions to SDMACRO are outlined.

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Date created

• 1988

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

  
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ITEM CONTEXT

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ff3ca29802c9b5ed0bd77a0a9e76375a

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74bc8d76f7112f877dcc1bed073089e6

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23d738ba88f8333bc39725f9cb5bd0b8

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Collection

System Dynamic Society Records

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Collecting area

• This collection is part of the University Archives