This paper revisits the macro-economic modelling and medium term scenarios undertaken at the New Zealand Planning Council (now disbanded) in the mid 1980's. The following major reports were published: "A Macro-Economic Model and Scenarios to 1995" (by Eric Haywood & Bob Cavana) and "Towards 1995: Patterns of National and Sectoral Development" (by Dennis Rose, Adolf Stroombergen, et al). These reports discussed the development and use of a macro-economic system dynamics model (SDMACRO), used to generate trends for the main macro-economic variables, and a general equilibrium price sensitive sectoral model (JULIANNE), which generated compatible sectoral and national forecasts of a range of variables for each of 22 sectors for nominated years. The (JULIANNE) model used outputs from (SDMACRO) as constraints and inputs. A brief overview of the SDMACRO model and its use at the NZ Planning Council will be presented. Also, the reforms of the New Zealand economy that have taken place since the mid 1980’s will be summarised and a comparison of the SDMACRO scenarios will be provided against what actually happened over the period between 1985 to 1995. Finally, the paper indicates the development that has taken place with the macro-economic model and how it is currently being used.

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Date created

• 2005 July 17-2005 July 21

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• 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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System Dynamic Society Records

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• This collection is part of the University Archives