Showing 1 - 7 of 7
In this paper, we present an evolutionary model of industry dynamics yielding endogenous business cycles with 'Keynesian' features. The model describes an economy composed of firms and consumers/workers. Firms belong to two industries. The first one performs R&D and produces heterogeneous...
Persistent link: https://www.econbiz.de/10003209272
In this paper we study a class of evolutionary models of industrial agglomeration with local positive feedbacks, which allow for a wide set of empirically-testable implications. Their roots rest in the Generalized Polya Urn framework. Here, however, we build on a birth-death process over a...
Persistent link: https://www.econbiz.de/10003740316
This work explores the spatial distribution of productive activities in the Italian manufacturing industry. We propose an econometric model which tries to disentangle locationspecific from sectoral drivers in the dynamic process of spatial agglomeration. The basic idea is that the former...
Persistent link: https://www.econbiz.de/10003211671
relationships between innovation and international performance. While periods of upswing are characterised by a well documented … 'virtuous circle'. between innovation inputs, new products and export success, during downswings most of the positive … diversity of technological change allows to disentangle the specificities and effects of innovation inputs and outputs, and of …
Persistent link: https://www.econbiz.de/10010530673
In this work we test if persistent innovators, defined according to different innovation activities (R&D, product and … process innovation, patenting) grow more than other firms, and if innovation persistence can contribute to explain the so far … definition of persistent innovators traditionally based on innovation surveys. Our findings, against the expectations, support …
Persistent link: https://www.econbiz.de/10011530252
example in which more rational agents systematically perform worse than less rational ones. -- Innovation ; Endogenous Growth …
Persistent link: https://www.econbiz.de/10002132888
This paper studies an agent-based model that bridges Keynesian theories of demandgeneration and Schumpeterian theories of technology-fueled economic growth. We employ the model to investigate the properties of macroeconomic dynamics and the impact of public polices on supply, demand and the...
Persistent link: https://www.econbiz.de/10008729578