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Agent-based Modeling of Spatial Processes in World Economy

V.I. Suslov(, D.A. Domozhirov (, V.S. Kostin(, L.V. Melnikova (, N.M. Ibragimov( and Alexander Tsyplakov
Authors registered in the RePEc Author Service: Larisa Mel'nikova ()

Journal "Region: Economics and Sociology", 2014, vol. 4

Abstract: The paper demonstrates some limitations of traditional spatial models in the representation of spatial dynamics of the modern economy. We substantiate the necessity of agent-based approach to spatial economic modeling. The pilot version of an agent-based multiregional input-output model for Russian economy is presented. Special attention is paid to the method of accounting spatial factor in the model. A conventional example illustrates trade mechanisms with the account of agents' transportation costs. The article states future prospects to develop the model

Keywords: agent-based models; interaction of agents; economic space (search for similar items in EconPapers)
Date: 2014
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