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4 - A Computational Model

from Part I - A Complexity Approach to Sustainable Development

Published online by Cambridge University Press:  04 January 2024

Omar A. Guerrero
Affiliation:
The Alan Turing Institute, London
Gonzalo Castañeda
Affiliation:
Centro de Investigación y Docencia Económicas
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Summary

This chapter introduces a model in which a government allocates financial resources across several policy issues (development dimensions), and a set of public servants (or agencies) that, through government programmes, transform public spending into policy outcomes. We start by describing the macro-level dynamics and the relevant equations involved. Then, we introduce a political economy game between the government and its officials (or public servants). First, we describe the public servants’ decision making in an environment of uncertainty through reinforcement learning. Second, we elaborate on the problem of the government (or central authority) and how we can specify its heuristic strategy. Finally, we provide an overview of the entire structure of the model.

Type
Chapter
Information
Complexity Economics and Sustainable Development
A Computational Framework for Policy Priority Inference
, pp. 104 - 128
Publisher: Cambridge University Press
Print publication year: 2024

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  • A Computational Model
  • Omar A. Guerrero, The Alan Turing Institute, London, Gonzalo Castañeda, Centro de Investigación y Docencia Económicas
  • Book: Complexity Economics and Sustainable Development
  • Online publication: 04 January 2024
  • Chapter DOI: https://doi.org/10.1017/9781009022910.007
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  • A Computational Model
  • Omar A. Guerrero, The Alan Turing Institute, London, Gonzalo Castañeda, Centro de Investigación y Docencia Económicas
  • Book: Complexity Economics and Sustainable Development
  • Online publication: 04 January 2024
  • Chapter DOI: https://doi.org/10.1017/9781009022910.007
Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • A Computational Model
  • Omar A. Guerrero, The Alan Turing Institute, London, Gonzalo Castañeda, Centro de Investigación y Docencia Económicas
  • Book: Complexity Economics and Sustainable Development
  • Online publication: 04 January 2024
  • Chapter DOI: https://doi.org/10.1017/9781009022910.007
Available formats
×