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Entangled Economy: an ecosystems approach to modeling systemic level dynamics

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  • Juan David Robalino
  • Henrik Jeldtoft Jensen

Abstract

We present a model of an economy inspired by individual based model approaches in evolutionary ecology. We demonstrate that evolutionary dynamics in a space of companies interconnected through a correlated interaction matrix produces time dependencies of the total size of the economy total number of companies, companies age and capital distribution that compares well with statistics for USA. We discuss the relevance of our modeling framework to policy making.

Suggested Citation

  • Juan David Robalino & Henrik Jeldtoft Jensen, 2012. "Entangled Economy: an ecosystems approach to modeling systemic level dynamics," Papers 1207.6091, arXiv.org.
    • Handle: RePEc:arx:papers:1207.6091
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    References listed on IDEAS

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    1. Kling Arnold, 2011. "PSST: Patterns of Sustainable Specialization and Trade," Capitalism and Society, De Gruyter, vol. 6(2), pages 1-20, December.
    2. Laird, Simon & Jensen, Henrik Jeldtoft, 2007. "Correlation, selection and the evolution of species networks," Ecological Modelling, Elsevier, vol. 209(2), pages 149-156.
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    Cited by:

    1. Pável Vázquez & Jesús A del Río & Karla G Cedano & Manuel Martínez & Henrik J Jensen, 2015. "An Entangled Model for Sustainability Indicators," PLOS ONE, Public Library of Science, vol. 10(8), pages 1-12, August.
    2. Rudy Arthur & Arwen Nicholson & Paolo Sibani & Michael Christensen, 2017. "The Tangled Nature Model for organizational ecology," Computational and Mathematical Organization Theory, Springer, vol. 23(1), pages 1-31, March.
    3. Arthur, R. & Sibani, P., 2017. "Decision making on fitness landscapes," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 471(C), pages 696-704.
    4. Aiyshwariya Paulvannan Kanmani & Renee Obringer & Benjamin Rachunok & Roshanak Nateghi, 2020. "Assessing Global Environmental Sustainability Via an Unsupervised Clustering Framework," Sustainability, MDPI, vol. 12(2), pages 1-12, January.

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