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In this paper we present a multi-country, multi-industry agent-based model investigating the different growth patterns of interdependent economies. Each country features a Schumpeterian engine of endogenous technical change which interacts with Keyneasian/Kaldorian demand generation mechanisms....
Persistent link: https://www.econbiz.de/10011789776
' activities of search and innovation, while aggregate demand formation and distribution follows Keynesian dynamics. Interactions …
Persistent link: https://www.econbiz.de/10012389326
This work presents the evolutionary growth theory, which studies the drivers and patterns of technological change and production together with the (imperfect) mechanisms of coordination among a multitude of firms. This requires to studies economies as complex evolving systems, i.e. as ecologies...
Persistent link: https://www.econbiz.de/10014541738