The model we propose in this paper is an extension of the one described in Freeman et al. [Freeman, S., Hong, D. and Peled, D. (1999) Endogenous Cycles and Growth with Indivisible Technological Developments. Review of Economics Dynamics, 2, 403-432]. In our model, we incorporate the process of...

In this paper, we seek to analyse the role of national university systems in combination with technological and market factors as sources of industrial leadership and industry growth in science-based industries. We propose a model in which national university systems and their respective...

In this paper, we propose an evolutionary growth model in which an innovative production sector interacts with a simplified banking sector. We explore the relationships between long-term sources of growth (technological change), and short-term/mid-term factors (such as price dynamics and...

We propose a simple macrodynamic model to rethink some standard policy prescriptions. Our model includes exogenous growth, endogenous investment, demand-driven production and employment, a dynamic Phillips curve, and fiscal and monetary policy instruments. The model has multiple steady states...

Important contributions within the realms of industrial dynamics and evolutionary economic theory have shown the need to explore the sources of industrial leadership in high-tech industries. Several of these studies suggest that the co-evolution between national industries and certain supporting...

In this work we explore the dynamics of the savings ratio in the economy and its possible relationships with employment and growth rates. We set out from evolutionary economics and previous literature regarding studies of the labor market. The non-linear dynamic models we propose generate...