An Attempt of Long-Range Macroeconomic Modelling in View of Structural and Technological Change

Häfele W & Buerk R (1976). An Attempt of Long-Range Macroeconomic Modelling in View of Structural and Technological Change. IIASA Research Memorandum. IIASA, Laxenburg, Austria: RM-76-032

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Abstract

The paper presents an aggregated (five sector) circular flow model of economic development. A key concept, the "societal technology" implicitly, by means of a stratified dynamical system, describes the alternative paths of development that are open to a society. Societal objectives, which determine the actual path, can enter in both a purely descriptive, positive way and as normative "planner's preferences". The aim of the paper is to provide a conceptual basis for the investigation of long-term socioeconomic processes with the tools of dynamical systems theory.

Item Type: Monograph (IIASA Research Memorandum)
Research Programs: Energy Program (ENP)
Depositing User: IIASA Import
Date Deposited: 15 Jan 2016 01:43
Last Modified: 18 Nov 2016 18:14
URI: http://pure.iiasa.ac.at/652

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