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Coevolution in Economic Systems

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  • Almudi,Isabel
  • Fatas-Villafranca,Francisco

Abstract

Coevolution in economic systems plays a key role in the dynamics of contemporary societies. Coevolution operates when, considering several evolving realms within a socioeconomic system, these realms mutually shape their respective innovation, replication and/or selection processes. The processes that emerge from coevolution should be analyzed as being globally codetermined in dynamic terms. The notion of coevolution appears in the literature on modern innovation economics since the neo-Schumpeterian inception four decades ago. In this Element, these antecedents are drawn on to formally clarify and develop how the coevolution notion can expand the analytical and methodological scope of evolutionary economics, allowing for further unification and advance of evolutionary subfields.

Suggested Citation

  • Almudi,Isabel & Fatas-Villafranca,Francisco, 2021. "Coevolution in Economic Systems," Cambridge Books, Cambridge University Press, number 9781108737999.
    • Handle: RePEc:cup:cbooks:9781108737999
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    Cited by:

    1. Agnieszka Lipieta & Elżbieta Pliś, 2022. "Diversity and mechanisms of economic evolution," Journal of Evolutionary Economics, Springer, vol. 32(4), pages 1265-1286, September.
    2. Polowczyk Jan, 2021. "A synthesis of evolutionary and behavioural economics," Economics and Business Review, Sciendo, vol. 7(3), pages 16-34, September.
    3. Guindalini, Camila & Verreynne, Martie-Louise & Kastelle, Tim, 2021. "Taking scientific inventions to market: Mapping the academic entrepreneurship ecosystem," Technological Forecasting and Social Change, Elsevier, vol. 173(C).
    4. Gianpaolo Abatecola & Matteo Cristofaro & Federico Giannetti & Johan Kask, 2022. "How can biases affect entrepreneurial decision making? toward a behavioral approach to unicorns," International Entrepreneurship and Management Journal, Springer, vol. 18(2), pages 693-711, June.

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