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Only recently a new stylised fact of economic growth has been introduced, the bimodal shape of the distribution of per capita income or the twin-peaked nature of that distribution. Drawing on the Summers/Hestons Penn World Table 5.6 (1991) we determine kernel density distributions which are able...
Persistent link: https://www.econbiz.de/10004983473
At the third European Meeting on Applied Evolutionary Economics in Augsburg almost 120 participants from all over Europe, North and South America, and South Africa discussed the latest developments in applied Evolutionary Economics. In addition to the nine keynote lectures covering a wide range...
Persistent link: https://www.econbiz.de/10004983494
A multi-agent simulation embodying a theory of innovation networks has been built and used to suggest a number of policy-relevant conclusions. The simulation animates a model of innovation (the successful exploitation of new ideas) and this model is briefly described. Agents in the model...
Persistent link: https://www.econbiz.de/10004983526
The issues of empirical calibration of parameter values and functional relationships describing the interactions between the various actors plays an important role in agent based modelling. Agent-based models range from purely theoretical exercises focussing on the patterns in the dynamics of...
Persistent link: https://www.econbiz.de/10008461562
Introduction to special section
Persistent link: https://www.econbiz.de/10008461564