Abstract
Economic system is very complex with a lot of uncertainties, and it is very difficult to be simulated and modeled mathematically. However, it can be simplified to a few sectors of the productions and economic activities. Business decision making in the economic activities can be simulated by an intelligent agent based on some rules such as maximum profits of the productions and economic activities. This is the methodology of ARE model. Based on the economic simulations of China’s economy from 2011 to 2014, the simulation results in each year are shown and discussed, and the errors between simulated results by ARE model and published data by National Bureau of Statistics of China have been compared in this chapter.
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© 2015 Springer-Verlag Berlin Heidelberg
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Hu, Z., Zhang, J., Zhang, N. (2015). China’s Economic Simulations in 2011–2014 by Agent Response Equilibrium Model. In: China’s Economic Gene Mutations. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-662-47298-9_9
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DOI: https://doi.org/10.1007/978-3-662-47298-9_9
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-662-47297-2
Online ISBN: 978-3-662-47298-9
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