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Evolutionary Dynamics and Economic Complexity

Author

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  • Murat Yıldızoğlu

    (GREThA (UMR CNRS 5113) Bordo Universitesi Avenue Leon Duguit 33600 Bordo, Fransa)

Abstract

We propose in this article a quick introduction to the evolutionary analysis of complex economic dynamics. When we look at the economic dynamics as resulting from the workings of a Complex Adaptive System (CAS), our attention necessarily focuses on new questions, and our analytical efforts need the development of new modeling methods. After having quickly discussed the properties of CAS in Economics, the article illustrates them more in detail using the example of industrial dynamics where this approach has historically been developed first. This discussion is followed by an introduction to the main methods used for analyzing CAS, and develops an example model of industry dynamics (Nelson & Winter 1892, part V). We also give an analytically organized bibliography to provide the reader with an entry point to an already very large literature.

Suggested Citation

  • Murat Yıldızoğlu, 2017. "Evolutionary Dynamics and Economic Complexity," Yildiz Social Science Review, Yildiz Technical University, vol. 3(2), pages 1-18.
    • Handle: RePEc:aye:journl:v:3:y:2017:i:2:p:1-18
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    File URL: https://yssr.yildiz.edu.tr/storage/upload/pdfs/1628084024-en.pdf
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    More about this item

    Keywords

    Economic dynamics; Complex adaptive systems; Evolutionary modeling; Learning; Computational economics.Journal: Yildiz Social Science Review;
    All these keywords.

    JEL classification:

    • F00 - International Economics - - General - - - General
    • F30 - International Economics - - International Finance - - - General
    • G00 - Financial Economics - - General - - - General
    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
    • K00 - Law and Economics - - General - - - General (including Data Sources and Description)
    • K20 - Law and Economics - - Regulation and Business Law - - - General
    • M00 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - General - - - General
    • M20 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - General
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General

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