Chapter 35 Coordination Issues in Long-Run Growth

Economic growth depends not only on how people make decisions but also upon how their decisions are coordinated. Because of this, aggregate outcomes can diverge from individual intentions. I illustrate this with reference to the modern literature on economic growth, and also with reference to an older literature on the stability of full-employment equilibrium. Agent-based computational methods are ideally suited for studying the aspects of growth most affected by coordination issues.

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Year of publication:	2006
Authors:	Howitt, Peter
Published in:	Handbook of computational economics : volume 2, Agent-based computational economics. - Amsterdam : Elsevier, ISBN 978-0-444-51253-6. - 2006, p. 1605-1624
Subject:	growth \| coordination \| innovation \| stability \| agent-based systems \| Agentenbasierte Modellierung \| Agent-based modeling \| Wirtschaftswachstum \| Economic growth \| Innovation \| Koordination \| Coordination

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Type of publication:	Article
Language:	English
Other identifiers:	10.1016/S1574-0021(05)02035-6 [DOI]
Classification:	E00 - Macroeconomics and Monetary Economics. General ; O33 - Technological Change: Choices and Consequences; Diffusion Processes ; O40 - Economic Growth and Aggregate Productivity. General
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014024370