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Evolutionary models’ comparative analysis. Methodology proposition based on selected neo-schumpeterian models of industrial dynamics

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  • Witold Kwasnicki

    (Institute of Economic Sciences Wroclaw University Poland)

Abstract

A methodology of comparative analysis of evolutionary models is proposed. The main aim of this proposition is to identify to what extend different models can be called ‘evolutionary ones’. Each model is analysed by searching for answers to following questions:  Is the model dynamical one?  Is it focused on far-from-equilibrium analysis?  What are a unit of evolution and a unit of selection?  Is diversity and heterogeneity of economic agents and their behaviour observed?  Is search for innovation based on a concept of hereditary information (knowledge)?  What kinds of innovation does the model describe?  Does selection process lead to diversified rate of growth and spontaneity of development?  How economic agents set prices?  What kind of products are described by the model?  Are decision making procedures and investment procedures present in the model? Outline of selected schumpeterian models is accompanied by identification of crucial evolutionary characteristics of each model and a short indication of phenomena explained by that model.

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Bibliographic Info

Paper provided by EconWPA in its series Microeconomics with number 0203002.

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Date of creation: 22 Mar 2002
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Handle: RePEc:wpa:wuwpmi:0203002

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Web page: http://128.118.178.162

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Keywords: Evolutionary economics; neo-schumpeterian models; simulation;

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  1. Jonard, N. & Yfldizoglu, M., 1998. "Technological diversity in an evolutionary industry model with localized learning and network externalities," Structural Change and Economic Dynamics, Elsevier, vol. 9(1), pages 35-53, March.
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  13. G. Silverberg & B. Verspagen, 1995. "Evolutionary Theorizing on Economic Growth," Working Papers wp95078, International Institute for Applied Systems Analysis.
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  15. Esben Sloth Andersen, 1998. "Escaping Satiation in an Evolutionary Model of Structural Economic Dynamics," DRUID Working Papers 98-9, DRUID, Copenhagen Business School, Department of Industrial Economics and Strategy/Aalborg University, Department of Business Studies.
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Cited by:
  1. Serguei Kaniovski, 2005. "Product differentiation and competitive selection," Journal of Evolutionary Economics, Springer, vol. 15(5), pages 567-580, November.

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