Economic Models

Literature Review on (Decision Making) Economic Models

In the Encyclopedia of Public Administration and Public Policy, [1] Richard G. Sims offers the following summary about the topic of (Decision Making) Economic Models: This entry addresses economic models that are useful when the issue of concern relates to state and local public policy decisions. A model can be used to aid policy makers in developing and evaluating alternative futures for the state or local economy. This entry is intended to provide public policy professionals with a better understanding of how economic models work and an appreciation of how such models can be used to improve public decision making. An overview is provided of some of the main functions of economic models when used to address some of the more common state and local government economic issues.

Resources

Notes and References

1. Entry about (Decision Making) Economic Models in the Encyclopedia of Public Administration and Public Policy (2015, Routledge, Oxford, United Kingdom)

See Also

Further Reading

• Global Encyclopedia of Public Administration, Public Policy, and Governance (2018, Springer International Publishing, Germany)