Abstract for: System Dynamics modelling for the management of economic development

Economic modelling applications are the subject of a growing effort within system dynamics and, as part of that thrust, the field of economic development is a significant component. This paper offers some reflections on exactly how the system dynamics methodology has made an impact in that sphere. Based largely upon work conducted for the government of the State of Sarawak in East Malaysia, where a system dynamics model was formulated to inform the State’s future economic and social planning to 2020, a series of modelling and policy precepts are discussed which position this methodology ahead of other approaches. In particular the system dynamics methodology facilitates positive engagement with government officials, a necessary pillar in the effective deployment of a modelling methodology in this context.