System Dynamics Modelling for Policy Design: A Case Study in Turkey

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Author(s): Arzu Eren Şenaras (Uludag University, Turkey)and Hayrettin Kemal Sezen (Altınbaş University, Turkey)
Copyright: 2020
Pages: 19
Source title: Corporate Governance Models and Applications in Developing Economies
Source Author(s)/Editor(s): Otuo Serebour Agyemang (University of Cape Coast, Ghana), Abraham Ansong (University of Cape Coast, Ghana)and Ben Kwame Agyei-Mensah (Solbridge International School of Business, South Korea)
DOI: 10.4018/978-1-5225-9607-3.ch013

Keywords: Business & Management / Business and Organizational Research / Business Science Reference / Corporate Social Responsibility

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Abstract

The system dynamics model was developed in the Vensim software. The model was developed based on the Yamaguchi study. The construct and behavioral validity of the model were addressed. Construct validity means that the correlations that construct the model, that is, the “rationale” of the model, are consistent with the correlations in the real system. There were five sub-models in the model. These were manufacturers and consumers sub-model, banks sub-model, central bank sub-model, balance of payments sub-model, exchange rate market sub-model. Five sub models included in the model developed with the VENSIM software are included in the appendices.

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System Dynamics Modelling for Policy Design: A Case Study in Turkey

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