Journal of the American Institute of Planners · 1970 · 11 citations · 0 references
Social SciencesDemographyEconomicsEconomic DemographyEconomic DevelopmentLabor EconomicsComputational ModelingDynamic Economic ModelsEconomic DynamicsEconomic GrowthSimulation MethodsSimulation ModelingEconomic Growth DynamicsEconomic SimulationIndustrial GrowthJob TransitionsLabor Force AnalysisModel SimulationPopulation Dynamics In EconomicsSimulation Analysis
Abstract A small-area economic base study is carried out through computer simulation using techniques of Industrial Dynamics. The model explicitly incorporates feedback between population and employment sectors to determine population, migration, job changes, labor force, participation rate change and industrial location and growth. The authors feel the technique holds promise for policy guidance especially in light of the speed and low cost of model construction and use. They suggest a number of specific questions which the model can help to answer.