PL EN


Preferences help
enabled [disable] Abstract
Number of results
2012 | 121 | 2B | B-16-B-23
Article title

Microeconomic Evolution Model with Technology Diffusion

Authors
Content
Title variants
Languages of publication
EN
Abstracts
EN
The model discussed in this paper is a modification of the model of macroeconomic evolution in stable regionally dependent fields, developed by Ausloos, Clippe and Pekalski in 2004. Like in the original model, firms exist on a square lattice and can move, merge, adapt and create spin-offs. However, in the new model the firms are described by a scalar parameter identified with their level of technology and by their market share. The probability of survival of a firm depends on the relation between the firm's technology level and the level of the technological frontier. The model incorporates two mechanisms of technology diffusion - inner (resulting from the cooperation between firms and the creation of spin-offs) and outer (interaction with the technological frontier). In this way, we obtain a model of technological progress with technology diffusion. We investigate the properties of this model and perform empirical analysis for a group of OECD countries.
Keywords
EN
Year
Volume
121
Issue
2B
Pages
B-16-B-23
Physical description
Dates
published
2012-02
References
  • [1] A. Smith, An Inquiry into the Nature and Causes of the Wealth of Nations, W. Strahan and T. Cadell, London 1776
  • [2] F. Ramsey, Journal of Political Economy 38, 543 (1928)
  • [3] R. Solow, Quarterly Journal of Economics 70, 65 (1956)
  • [4] T. Swan, Economic Record 32, 334 (1956)
  • [5] D. Cass, Review of Economic Studies 32, 233 (1965)
  • [6] T. Koopmans, in: The Econometric Approach to Development Planning, North Holland, Amsterdam 1965, p. 225
  • [7] P. Romer, Journal of Political Economy 98, S71 (1990)
  • [8] R. Lucas, Journal of Monetary Economics 22, 3 (1988)
  • [9] K. Cichy, Human capital and technological progress as the determinats of economic growth, Working Paper No. 60, National Bank of Poland, pp. 1-156, Warsaw 2009
  • [10] B. Chakrabarti, A. Chakraborti, A. Chatterjee (eds.), Econophysics and Sociophysics, Wiley-VCH Verlag, Weinheim 2011
  • [11] M. Gallegati, A.P. Kirman, M. Marsili (eds.), The Complex Dynamics of Economic Interaction, Springer-Verlag, Berlin, Heidelberg 2004
  • [12] M. Ausloos, P. Clippe, A. Pekalski, Physica A 337, 269 (2004), arXiv:cond-mat/0401144
  • [13] D. Delli Gatti, C. Di Guilmi, E. Gaffeo, G. Giulioni, M. Gallegati, A. Palestrini, arxiv: cond-mat/0312096 (2003)
  • [14] M. Llas, P. Gleiser, J. Lopez, A. Diaz-Guilera, Physical Review E 68, 66101 (2003), arXiv:cond-mat/0309544
  • [15] M. Szydlowski, A. Krawiec, Acta Physica Polonica B 37, 3161 (2006)
Document Type
Publication order reference
YADDA identifier
bwmeta1.element.bwnjournal-article-appv121n2ba121z2bp03kz
Identifiers
JavaScript is turned off in your web browser. Turn it on to take full advantage of this site, then refresh the page.