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Create a system dynamics model for unemployment. Include at least 10 variables with their positive (+) or negative (-) relationships. (I'll upvote if done so).

Create a system dynamics model for unemployment. Include at least 10 variables with their positive (+) or negative (-) relationships. (I'll upvote if done so). Tip: research causes and effects of unemployment.

System dynamics is a highly abstract method of modeling. It ignores the fine details of a system, such as the individual properties of people, products, or events, and produces a general representation of a complex system.

Example: (It doesn't have to have the same variables)

- Migration ++ Wage Unemployment Differences Differences C4 +C3 +Ci Unemployment Receiving Unemployment Sending ++ Labour



 

C4 Labour Supply Unemployment Differences + Unemployment Sending - Migration + Sending Labour Demand Sending + C2 C3 Unemployment Receiving + Labour Demand Receiving Labour Supply Receiving Cl + Wage Receiving Wage Sending Wage Differences + Figure 8: System Dynamics representation of Neo-classical theory

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