Dynamic Modeling of Economic System in Iran

Subject Areas : General Management

Mahdi Alvani ¹ , Golam Reza Memarzadeh ² , Mohammad Ali Afshar ³ , Fahimeh Aghajani ⁴

1 - Department of Public Management, School of Management, Qazvin Branch, Islamic Azad University (IAU), Qazvin, Iran
2 - Department of Public Management, School of Management and Economics, Science and Research Branch, Islamic Azad University (IAU), Tehran, Iran
3 - Department of Industrial Management, School of Management, Tehran Central Branch, Islamic Azad University (IAU), Tehran, Iran
4 - Department of Public Management, School of Management, Qazvin Branch, Islamic Azad University (IAU), Qazvin, Iran

Received: 2011-05-03 Accepted : 2011-07-07 Published : 2011-08-16

Keywords: Economic system, development, System Dynamics, GDP, Inflation, saving, investment,

Abstract :

The long term goal attaining of economic system management requires the establishment of a dynamic framework to integrate multiple perspectives. This article considers the problem of economic development in macro level. As economic systems are complex adaptive systems composed of numerous numbers of components of dynamic and multidimensional nature, dynamics method is applied in this research. It is to this end that the main economic development indicators are utilized for dynamic measurement modeling. This model assesses economic development in Iran over the period 1989-2009 and makes a prediction for the year 2019. The results indicate relationships between economic development components.