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Table of contents (11 chapters)
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Front Matter
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Back Matter
About this book
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?
Authors and Affiliations
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Drexel University, Philadelphia, USA
Roger A. McCain
Bibliographic Information
Book Title: Agent-Based Computer Simulation of Dichotomous Economic Growth
Authors: Roger A. McCain
Series Title: Advances in Computational Economics
DOI: https://doi.org/10.1007/978-1-4615-4613-9
Publisher: Springer New York, NY
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eBook Packages: Springer Book Archive
Copyright Information: Springer Science+Business Media New York 2000
Hardcover ISBN: 978-0-7923-8688-9Published: 30 November 1999
Softcover ISBN: 978-1-4613-7085-7Published: 04 October 2012
eBook ISBN: 978-1-4615-4613-9Published: 06 December 2012
Series ISSN: 0929-130X
Edition Number: 1
Number of Pages: IX, 163
Topics: Economic Theory/Quantitative Economics/Mathematical Methods, Economic Growth, Econometrics