The report deals with the reconstruction and further development of the models of industrial dynamics developed by Nelson and Winter and summarized in their famous 1982-book. The basic idea underlying the Nelson and Winter models is that a verbal account of Schumpeterian competition can...

The evolutionary model presented in this paper depicts an industrial sector with a varying degree of economic roundaboutness, i.e., vertical division of labor between producers and users of different types of intermediate products that are ultimately used for the production of a single final...