Tandem Economic Development Of Two Regions Or Countries

Ciutacu Ileana (), Săvulescu Iulian () and Dumitraşcu Luminiţa Mihaela ()
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Săvulescu Iulian: Accounting Department, Academy of Economic Studies, Bucharest, Romania
Dumitraşcu Luminiţa Mihaela: Accounting Department, Academy of Economic Studies, Bucharest, Romania

Balkan Region Conference on Engineering and Business Education, 2014, vol. 1, issue 1, 577-580

Abstract: In today's economy, one speaks mostly of regions than of countries, at least on European Union territory. So even if the territorial point of view is changing, the economic expectations remain unchanged: how much will that country/region grow and develop over time. The objective of this research is to see the way in which the economies of two regions develop in tandem over time and why. We plan to do this by designing and constructing an agent-based model that simulates a dummy world economy composed of two regions. Each region that can also be seen as a country has its own firms that produce goods and its own inhabitants who work for the firms and consume their goods. The two regions have their own currency, but ‘do commerce’ mainly through the movement of their inhabitants between them. In this research we chose to construct an agent-based model that simulates economic development and uses NetLogo programming language and interfaces, because of the advantages of this particular approach. Thus, after building the initial Netlogo model and simulating with it certain scenarios and examples of regional economies, by simply changing some variables any user can easily adapt it to other examples, real or not; do the simulations and obtain the desired number of development paths for his or her example. Thus, the result that we expect to obtain is creating agent-based model that can be used as a tool by policy-makers for seeing how different policies can affect or stimulate regional economic development.

Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:brcebe:v:1:y:2014:i:1:p:577-580:n:102

DOI: 10.2478/cplbu-2014-0102

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