, both laggards and leaders are worse off and world productivity growth slows down. …

In this paper we present a multi-country, multi-industry agent-based model investigating the different growth patterns … with Keyneasian/Kaldorian demand generation mechanisms. National growth trajectories are driven by firms' accumulation of … firm-level virtuous (or vicious) cycles between knowledge accumulation, trade performances, and growth dynamics. The model …

-term growth and short-run fluctuations of the economy. The K+S models embed the Schumpeterian growth paradigm into a complex …-run growth together with business cycles and major crises. Moreover, it reproduces a long list of macroeconomic and microeconomic … sustained stable growth and employment. …

generates self-sustained growth patterns together with persistent economic fluctuations punctuated by deep downturns. On the … long-run productivity and GDP growth. Finally, we show that "discipline-guided" fiscal rules are self-defeating, as they do …

. Instead, "discipline-guided" fiscal rules such as the Stability and Growth Pact or the Fiscal Compact in the Eurozone always …

of technology-fueled economic growth. We employ the model to investigate the properties of macroeconomic dynamics and the …-term growth patterns. From a normative point of view, simulations show a corresponding complementarity between Keynesian and … Schumpeterian policies in sustaining long-run growth paths characterized by mild fluctuations and acceptable unemployment levels …

-term growth and short-run fluctuations of the economy. The K S models embed the Schumpeterian growth paradigm into a complex …-run growth together with business cycles and major crises. Moreover, it reproduces a long list of macroeconomic and microeconomic … sustained stable growth and employment …

In this paper we present a multi-country, multi-industry agent-based model investigating the different growth patterns … with Keyneasian/Kaldorian demand generation mechanisms. National growth trajectories are driven by firms' accumulation of … firm-level virtuous (or vicious) cycles between knowledge accumulation, trade performances, and growth dynamics. The model …