Resilience of national and regional economies
ASA researchers explore national and regional resilience by analyzing the impact of extreme, low-probability and high-impact scenarios of external shocks using qualitative foresight, namely, soft systems mapping approach, as well as quantitative simulation methods based on the agent-based modeling. Overall response to external shocks results from the direct impact of a shock onto a target economic sector[s], as well as from the indirect impact onto other sectors via supply chains and onto the domestic demand because of change in the household incomes.
Agent-based Modeling for Korean Strategic Foresight
This project jointly run by STEPI (Science and Technology Policy Institute, Seoul, Korea) and ASA, IIASA aims to provide foresight into possible consequences of several major shocks which may hit the economy of South Korea. More
Structural Change of the Finnish Economy – a Systems Approach
The research initiative aims at increasing the systemic understanding about the impact of global trends and unforeseeable shocks on the Finnish national economy and regional economies as well as producing science-based tools for practical policy planning, which will support sustainable regional growth in the volatile global environment; such planning that minimizes the need for the special corrective actions in the future and that maximizes the sustainability of regions. More
Artificial World for Forecasting (Dream Valley)
The Project develops a cross-disciplinary modeling and assessment framework. It consists of two parts: Dream Valley simulator and A3 framework. The Dream Valley simulator simulates complex dynamical systems, while the A3 framework implements and tests methods for forecasting their future behaviors. More
