1. Proceedings
  2. I3M
  3. 2019
  4. EMSS
  5. 10.46354/i3m.2019.emss.030

Households income-expenses network simulation

  • a Javier Lara de Paz  ,
  • b Idalia Flores de la Mota  ,
  • c Gabriel Policroniades Chipuli  ,
  • d Sashiko Shirai Reyna  
  • a,b,c,d Facultad de Ingeniería, Universidad Nacional Autónoma de México, Mexico
Cite as
Lara de Paz J., Flores de la Mota I., Policroniades Chipuli G., Sashiko Shirai Reyna O. (2019). Households income-expenses network simulation. Proceedings of the 31st European Modeling & Simulation Symposium (EMSS 2019), pp. 210-217. DOI: https://doi.org/10.46354/i3m.2019.emss.030.

Abstract

Economic systems are recognized as complex systems that can be modeled as complex networks. Analyzing and simulating with the outcoming networks parameters can be obtained the vulnerability and robustness of system’s network, assisting the developing of economic policies. In present work we built up an economic weighted directed network between the catalogued labors, the productive sub-sectors, based on 4-digits NAICS-2018, and the eight common household expenses. Weighting edges with total household incomes and total amount paid for each expense. The network is constructed with a sample size of more than one hundred-thirty thousand households. With complex network metrics and adding an inflation rate to each main Expense category, the simulation was performed obtaining key economic properties such as wealth distribution per household and sectors vulnerabilities as well as system robustness.

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