Showing 1 - 10 of 16
In this paper we study technological progress in a set of representative Italian regions. The analysis is conducted using input-output data. We construct the technological frontiers and calculate new indices of technological progress (see Fredholm and Zambelli 2009 and Zambelli and Fredholm...
Persistent link: https://www.econbiz.de/10009024760
Persistent link: https://www.econbiz.de/10009024768
Barkley Rosser has been a pioneer in arguing the case for the mathematics of discontinuity, broadly conceived, to be placed at the foundations of modelling economic dynamics. In this paper we reconsider this vision from the broad perspective of a variety of different kinds of mathematics and...
Persistent link: https://www.econbiz.de/10009024771
In this paper it is claimed that the Phillips machine is a nonlinear mechanism. Phillips (1950) presented his machine as being described with a linear differential equation. In this paper it is claimed that the machine is better described with a system of nonlinear difference.-differential...
Persistent link: https://www.econbiz.de/10009024775
This is an attempt at a succinct survey, from methodological and epistemological perspectives, of the burgeoning, apparently unstructured, field of what is often – misleadingly – referred to as computational economics. We identify and characterise four frontier research fields, encompassing...
Persistent link: https://www.econbiz.de/10009024778
In this paper we propose a measure of technological progress which is based on the information embedded in standard input-output tables. Well known duality properties enables one to establish a connection between the quantities necessary as inputs and the associated output and some auxiliary...
Persistent link: https://www.econbiz.de/10009024787
Lehtinen and Kuorikoski ([73]) question, provocatively, whether, in the context of Computing the Perfect Model, economists avoid - even positively abhor - reliance on simulation. We disagree with the mildly qualified affirmative answer given by them, whilst agreeing with some of the issues they...
Persistent link: https://www.econbiz.de/10009024789
We propose a measure of technological progress based on the information embedded in standard input-output tables. A connection is established between the quantities necessary as inputs, the associated output and auxiliary prices. It is argued that the wage-profit frontiers and the associated...
Persistent link: https://www.econbiz.de/10010797652
Standard postulates concerning the aggregate production function are about marginal productivities - and the associated demand of labor and capital – which are to be negatively related to factor prices, namely the wage rate and the profit rate. The theoretical cases in which these neoclassical...
Persistent link: https://www.econbiz.de/10010797653
Economic growth driven by the creation of new ideas, knowledge, and innovations is an interesting and challenging phenomenon to be modelled and analysed. Dominant approaches, like Romer’s endogenous growth models, Aghion-Howitt creative destruction growth models, RBC models, or the not so...
Persistent link: https://www.econbiz.de/10010691590