The paper builds upon the Agent Based-Stock Flow Consistent model presented in Caiani et al. (2015) to analyze the relationship between income and wealth inequality and economic development. For this sake, the original model has been amended under three main dimensions: first, the households...

Schumpeter showed that the boom and bust cycles are intrinsically related to the functioning of the capitalist economy. These boom and bust cycles are inherent to the rise innovation. Our paper analyses innovation cycles in a stock flow consistent framework. It focuses on the essential role of...

The paper presents an Agent-Based theoretical model to analyze the reciprocal influence between industry structure and industry innovation patterns. This topic was originally investigated through the famous models of Schumpeterian Competition developed by Nelson and Winter (1977; 1982; 1984). However,...