Beschreibung
This paper summarizes the SHELscape model, a complex systems framework developed for understanding economictransitions after natural disasters. The model is spatially defined with two agent categories (workers and owners) across two region types (rural and urban) producing two types of goods (food and a tradeable good). Seven behavioral modules define the
setup of a low-income agrarian economy. A stylized calibrated
system is subjected to a food production shock and changes of
population, incomes, and consumption distributions are tracked.
Coping mechanisms result in temporary consumption smoothing through savings; however, a large majority of the population still falls below the consumption poverty line. Two policy options, a cash transfer and a food transfer scheme, and their effects on the region are tested. Results show that income transfers result in
higher income inequality while the food transfer scheme increases the rate of savings growth. The aim of this paper is to highlight how an agent-based framework can be used to study complex systems especially when data is weak and an immediate policy
response is required.
| Zeitraum | 27 März 2014 → 28 März 2014 |
|---|---|
| Ereignistitel | IEEE Computational Intelligence for Financial Engineering & Economics 2014 |
| Veranstaltungstyp | Keine Angaben |
| Bekanntheitsgrad | International |