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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)

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

Find related papers by JEL classification:
D1 - Microeconomics - - Household Behavior
D2 - Microeconomics - - Production and Organizations
D3 - Microeconomics - - Distribution
D4 - Microeconomics - - Market Structure and Pricing

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Silverberg, Gerald & Verspagen, Bart, 1994. "Collective Learning, Innovation and Growth in a Boundedly Rational, Evolutionary World," Journal of Evolutionary Economics, Springer, vol. 4(3), pages 207-26, September.
  2. 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. [Downloadable!]
  3. 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. [Downloadable!] (restricted)
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  4. Winter, S. G. & Kaniovski, Y. M. & Dosi, G., 2000. "Modeling industrial dynamics with innovative entrants," Structural Change and Economic Dynamics, Elsevier, vol. 11(3), pages 255-293, September. [Downloadable!] (restricted)
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  5. Silverberg, Gerald & Lehnert, Doris, 1993. "Long waves and 'evolutionary chaos' in a simple Schumpeterian model of embodied technical change," Structural Change and Economic Dynamics, Elsevier, vol. 4(1), pages 9-37, June. [Downloadable!] (restricted)
  6. Yildizoglu, Murat, 2002. "Competing R&D Strategies in an Evolutionary Industry Model," Computational Economics, Springer, vol. 19(1), pages 51-65, February. [Downloadable!]
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  7. Silverberg, Gerald & Dosi, Giovanni & Orsenigo, Luigi, 1988. "Innovation, Diversity and Diffusion: A Self-organisation Model," Economic Journal, Royal Economic Society, vol. 98(393), pages 1032-54, December. [Downloadable!] (restricted)
  8. Chiaromonte, Francesca & Dosi, Giovanni, 1993. "Heterogeneity, competition, and macroeconomic dynamics," Structural Change and Economic Dynamics, Elsevier, vol. 4(1), pages 39-63, June. [Downloadable!] (restricted)
  9. Silverberg, Gerald & Verspagen, Bart, 1995. "An Evolutionary Model of Long Term Cyclical Variations of Catching Up and Falling Behind," Journal of Evolutionary Economics, Springer, vol. 5(3), pages 209-27, September.
  10. Richard R. Nelson, 1995. "Recent Evolutionary Theorizing about Economic Change," Journal of Economic Literature, American Economic Association, vol. 33(1), pages 48-90, March. [Downloadable!] (restricted)
  11. Windrum, Paul & Birchenhall, Chris, 1998. "Is product life cycle theory a special case? Dominant designs and the emergence of market niches through coevolutionary-learning," Structural Change and Economic Dynamics, Elsevier, vol. 9(1), pages 109-134, March. [Downloadable!] (restricted)
  12. G. Silverberg & B. Verspagen, 1995. "Evolutionary Theorizing on Economic Growth," Working Papers wp95078, International Institute for Applied Systems Analysis. [Downloadable!]
  13. Englmann, F C, 1994. "A Schumpeterian Model of Endogenous Innovation and Growth," Journal of Evolutionary Economics, Springer, vol. 4(3), pages 227-41, September.
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Serguei Kaniovski, 2005. "Product Differentiation and Competitive Selection," WIFO Working Papers 252, WIFO. [Downloadable!]
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