Showing 1 - 10 of 11
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
The present paper explores the demand-pull effect of distinct demand sources (i.e. households and retailers, other firms and public sector) on Italian companies' growth patterns. Data relies on the PEC (Indagine sulle Professioni e le Competenze) survey carried out by the Institute for Public...
Persistent link: https://www.econbiz.de/10012159971
This paper presents an agent-based model (ABM) of endogenous arrival of technological paradigms and new sectors entailing different patterns of labour creation and destruction, as well as of consumption dynamics. The model, building on the labour-augmented K+S ABM, addresses the long-term...
Persistent link: https://www.econbiz.de/10012520255
different configurations of the patent system upon innovation and competition. The model is able to replicate the main stylized … adverse effects in terms of innovation outcomes, as well as of market competition and consumer welfare. Such general …
Persistent link: https://www.econbiz.de/10012654995
the fundamental (and still poorly understood) role played by innovation in the finance-growth nexus. …
Persistent link: https://www.econbiz.de/10011752444
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
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/10011763040
' activities of search and innovation, while aggregate demand formation and distribution follows Keynesian dynamics. Interactions …
Persistent link: https://www.econbiz.de/10012214801
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