In the paper model of macroeconomic turnover and its possibilities for investments modelling are shown. The model consists from four blocks: in the first the theoretical model is described. In the second the model is reflected in accordance with the requirements of system dynamics method, there...

In this paper we analyse the role of sectoral innovation systems in the emergence and catch-up of aerospace industries in latecomer economies. We argue that the aerospace sector is characterized by a process of interrupted innovation. Competitive pressures and the cyclical nature of the industry...

The technique of the joint use of system dynamics and cognitive analysis for reengineering of complex systems has been proposed. The use of the system dynamics technique at the initial stage of reengineering processes faces the certain difficulties due to the fact of presence of large amount of...

Cash flow management is one of the most important determinants of the success of construction project management. Overdraft, retainage, financing, payment and billing policies constitute the most significant financial issues that contractors must plan, control and manage for the successful...

The purpose of this paper is to illustrate the usefulness of Keynes' approach by modeling it using system dynamics. As this technique allows the researcher to place the analysis in time it is especially well suited to the task. It also allows us to see exactly which elements seem to create the...

The purpose of this paper is to show the superiority of Keynes’ approach by comparing three system dynamics models of the relationship among interest and exchange rates: one based on traditional uncovered interest rate parity, one with risk, and one with forecast confidence. It will be...

Today, we are in the midst of the worst economic crisis since the Great Depression. Recovery has not been swift, and policymakers and citizens throughout the globe have turned to economists for answers. While in the mainstream, the general opinion is that the collapse was unpredictable and...

This paper analyzes the cultural and artistic event “La Notte Bianca Romana”, which has been designed and realized by the Municipality of Rome. It consists in a territorial marketing tool to promote the “Eternal City” all over the world. This event turned out to be an important incentive...

The purpose of the paper was to study if the dynamics of the Brazilian cattle stocks can be better explained by systemic endogenous factors or either by exogenous changes on beef demand. The conclusion, as proposed by the theory of the cattle cycle, was that systemic factors related to the...

As states across the country struggle to increase local development of renewable energy, policymakers are turning to innovative program designs to meet their renewable electricity targets. Massachusetts recently adopted a unique, auction-based price support mechanism for the solar portion of its...