In this paper we present a Viable System Model (VSM) approach in the field of Economics with the purpose of bettering the understanding of this macroeconomic phenomenon. Economic growth has been modelled to test main inputs that explain it, and to understand its behaviour. Most countries seek to increase economic growth because other economic variables improve, for example, the number of jobs increases, wages increase, or poverty decreases. The research first reviews the state-of-the-art, secondly it explains the methodology and the process followed, and finally it presents results. An alternative model to manage and understand economic growth is obtained, contributing to the economic theory.
Friday June 28, 2019 3:45pm - 4:15pm PDT
05 Trysting TreeOregon State University, CH2M HILL Alumni Center, 725 Southwest 26th Street, Corvallis, OR, USA
