Integration of input–output approach into agent-based modeling. Part 1. Methodological principles

Domozhirov D. A. (), Ibragimov N. M., Melnikova L. V. and Tsyplakov A. A.
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Domozhirov D. A.: Новосибирский государственный университет
Authors registered in the RePEc Author Service: Larisa Mel'nikova

World of economics and management / Vestnik NSU. Series: Social and Economics Sciences, 2017, vol. 17, issue 1, 86-99

Abstract: The article presents a comparison of the Agent-Based Multiregional Input–Output Model (ABMIOM) of the Russian economy and a small-size version of the Optimization Multiregional Input-Output Model (OMIOM) from the per-spective of their possible integration for spatial economic research. These models share many similar features, technically and conceptually. The two models regard the economy as a complex system of interdependent compo-nents; both have the same spatial and sectoral structure, similar production technologies. Both allow to perform a structural analysis of processes taking place in the economy in terms of industries and territories. The former is a simulation model, the latter is a linear optimization model; their major differ-ences relate to the methods of modeling the market and price mechanisms and of representing the space. We propose to use a spatial input-output model based on the real data as the source of disaggregated information at the stage of initialization of agent-based models, which opens opportunities of gradual turning them into an experimentation area for the real economy, rather than an instrument for an analysis of an artificial economy.

Keywords: agent-based model; input-output table; interregional links (search for similar items in EconPapers)
JEL-codes: C63 C67 D58 R15 (search for similar items in EconPapers)
Date: 2017
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