A VIABLE SYSTEM MODEL FOR MANAGEMENT OF THE ECONOMIC GROWTH

Authors

Keywords:

VSM, Soft System Methodology, Economic Growth

Abstract

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. This paper contributes with the design of an VSM in economic science. 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 investigation 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. The results contribute to the economic growth theory.

Author Biographies

Francisco Jaime García-Barrios, Instituto Politécnico Nacional

Doctoral student of systems engineering

Isaias Badillo-Piña, Intituto Politecnico Nacional

Professor of systems engineering

Ricardo Tejeida-Padilla, Instituto Politécnico Nacional

Professor of systems engineering

Published

2020-04-08

How to Cite

García-Barrios, F. J., Badillo-Piña, I., & Tejeida-Padilla, R. (2020). A VIABLE SYSTEM MODEL FOR MANAGEMENT OF THE ECONOMIC GROWTH. Proceedings of the 63rd Annual Meeting of the ISSS - 2019 Corvallis, OR, USA, 63(1). Retrieved from http://journals.isss.org/index.php/proceedings63rd/article/view/3593