Logo - springer
Slogan - springer

Economics - Economic Theory | Agent-Based Computer Simulation of Dichotomous Economic Growth

Agent-Based Computer Simulation of Dichotomous Economic Growth

McCain, Roger A.

2000, IX, 163 p.

Available Formats:
eBook
Information

Springer eBooks may be purchased by end-customers only and are sold without copy protection (DRM free). Instead, all eBooks include personalized watermarks. This means you can read the Springer eBooks across numerous devices such as Laptops, eReaders, and tablets.

You can pay for Springer eBooks with Visa, Mastercard, American Express or Paypal.

After the purchase you can directly download the eBook file or read it online in our Springer eBook Reader. Furthermore your eBook will be stored in your MySpringer account. So you can always re-download your eBooks.

 
$119.00

(net) price for USA

ISBN 978-1-4615-4613-9

digitally watermarked, no DRM

Included Format: PDF

download immediately after purchase


learn more about Springer eBooks

add to marked items

Hardcover
Information

Hardcover version

You can pay for Springer Books with Visa, Mastercard, American Express or Paypal.

Standard shipping is free of charge for individual customers.

 
$199.00

(net) price for USA

ISBN 978-0-7923-8688-9

free shipping for individuals worldwide

usually dispatched within 3 to 5 business days


add to marked items

Softcover
Information

Softcover (also known as softback) version.

You can pay for Springer Books with Visa, Mastercard, American Express or Paypal.

Standard shipping is free of charge for individual customers.

 
$159.00

(net) price for USA

ISBN 978-1-4613-7085-7

free shipping for individuals worldwide

usually dispatched within 3 to 5 business days


add to marked items

  • About this book

Agent-Based Computer Simulation of Dichotomous Economic Growth reports a project in agent-based computer stimulation of processes of economic growth in a population of boundedly rational learning agents.
The study is an exercise in comparative simulation. That is, the same family of growth models will be simulated under different assumptions about the nature of the learning process and details of the production and growth processes. The purpose of this procedure is to establish a relationship between the assumptions and the simulation results.
The study brings together a number of theoretical and technical developments, only some of which may be familiar to any particular reader. In this first chapter, some issues in economic growth are reviewed and the objectives of the study are outlined. In the second chapter, the simulation techniques are introduced and illustrated with baseline simulations of boundedly rational learning processes that do not involve the complications of dealing with long-run economic growth. The third chapter sketches the consensus modern theory of economic growth which is the starting point for further study. In the fourth chapter, a family of steady growth models are simulated, bringing the simulation, growth and learning aspects of the study together. In subsequent chapters, variants on the growth model are explored in a similar way. The ninth chapter introduces trade, with a spacial trading model that is combined with the growth model in the tenth chapter.
The book returns again and again to the key question: to what extent can the simulations `explain' the puzzles of economic growth, and particularly the key puzzle of dichotomization, by constructing growth and learning processes that produce the puzzling results? And just what assumptions of the simulations are most predictable associated with the puzzling results?

Content Level » Research

Keywords » Economic Growth - Simulation - Theory of Economic Growth - agents - computer simulation - growth - growth model - model - simulations

Related subjects » Econometrics / Statistics - Economic Growth - Economic Theory

Table of contents 

Acknowledgment. 1. Introduction. 2. Dichotomization Without Steady Growth: Baseline Simulations. 3. Steady Economic Growth: The Cobb-Douglas Case with `Engineering-School' Human Capital. 4. Simulations of Steady Economic Growth With A Cobb-Douglas Production Function. 5. Growth with Non-Unitary Elasticities of Substitution. 6. Learning-By-Doing and the Puzzles of Economic Growth: Survey and Interpretation. 7. Learning by Doing and Dichotomous Development. 8. Simulations with Regular Neighborhoods. 9. Boolean Trade Networks. 10. Backwash and Spread: Trade Networks in a Space of Agents Who Learn by Doing. 11. Concluding Summary. References. Appendix: Program Code. Index.

Popular Content within this publication 

 

Articles

Read this Book on Springerlink

Services for this book

New Book Alert

Get alerted on new Springer publications in the subject area of Economic Theory.