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This paper explores the relationships between migration and trade using a complex-network approach. We show that: (i) both weighted and binary versions of the networks of international migration and trade are strongly correlated; (ii) such correlations can be mostly explained by country...
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In the last years, non-linear dynamics and complexity gained an important role in economics. Non-linear models are the analytical foundation of complex dynamic theory. This class of models is able to capture more conveniently and more naturally economic behaviors that are non-regular, such as...
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This paper begins to explore the determinants of the topological properties of the international - trade network (ITN). We fit bilateral-trade flows using a standard gravity equation to build a “residual” ITN where trade-link weights are depurated from geographical distance, size, border...
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Modellers have had to wrestle with an unavoidable trade-off between the demand of a general theoretical approach and the descriptive accuracy required to model a particular phenomenon. A new class of simulation models has shown to be well adapted to this challenge, basically by shifting outwards...
Persistent link: https://www.econbiz.de/10002637197
The paper presents a model of endogenous growth in which firms are modeled as boundedly-rational, locally interacting, agents. Firms produce a homogeneous good employing technologies located in an open-ended technological space and are allowed to either imitate existing, similar practices or to...
Persistent link: https://www.econbiz.de/10002132888