On Macroeconomic Simulation Model based on PDCA Decision making

Abstract

We have hitherto developed Transaction-based Economic Model, which aggregates micro-transaction data between corporates to macro statistics such as SNA. This model enables us to make linkage consistently between micro decision making by corporates and macro economic policy by governments through quantitative evidences. In this paper we proceed to realize this model in simulation approach, in which agents (corporates) make decision in accounting bases through PDCA cycles. This simulation model is implemented by AADL.