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MABS
2007
Springer

An Agent-Based Model That Relates Investment in Education to Economic Prosperity

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An Agent-Based Model That Relates Investment in Education to Economic Prosperity
We examine the relationship between the investment that a society makes in education in one generation, and the outcome in terms of the health of the society’s economy in ensuing generations. We have employed multiagent simulation techniques in which equation-based models from the economics literature are used to derive parameterized sets of agent behaviors and environmental characteristics. Agents are divided into three chronological categories: students, adults and pensioners; and each responds to and affects the environment in different ways, in terms of both human and physical capital. We explore the effects of different parameter settings on the education investment of a society and the resulting economic growth.
Yuqing Tang, Simon Parsons, Elizabeth Sklar
Added 08 Jun 2010
Updated 08 Jun 2010
Type Conference
Year 2007
Where MABS
Authors Yuqing Tang, Simon Parsons, Elizabeth Sklar
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