Journal on Policy & Complex Systems Volume 5, Number 2, Fall 2019 | Page 50

System Structure of Agent-Based Model Responsible for Reproducing
Business Cycles and the Effect of Tax Reduction on GDP
Table 2 . Simulation Conditions for the Experiment in Which Factors Relating to the Model Structure Are Changed As Input Conditions
Agent
Rules of producers
Rules of consumers
Rules of government
Market
Structure of basic model
Analysis of reproducing the periodic change of GDP
Analysis of investment rules
Analysis of financing rules
Analysis of MEC model
Government Without Without With
Analysis of reproducing the influence of tax reduction
Executives Without Without With / Without Others With With With
The decision-making rule of equipment investment
The rule of financing
The rule of executive compensation
Based on demand
Loan and internal funds
No investment / Fixed interval
Loan
Based on demand
Using internal funds / issuance of stock
Based on an internal rate of return
Using internal funds
Based on demand
Loan and internal funds
Without Without With / without
The deletion of equipment Without Without With Without The price of equipment Fixed Fixed Variable Fixed
The upper limit on the number of loans
The rule of deposit withdrawal
One One Unlimited One / three
With With With / without
Taxation Without Without With
Inefficiency of government expenditure
Without Without With
Goods market With With With Stock market Without Without Without Without Without Labor market Without Without With / without
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