A dynamical countries-interaction model based on technology for the study of European growth and stability
With this study we intend to define a methodology capable to deal with the task of evaluating and planning the interdependent dynamics of growth for some European countries together with their foreign partners. To that aim we employ a nonlinear differential equations system representing a disequilibrium model based on a Schumpeterian evolutionary context with endogenous technology. We use such a model in order to disentangle the interrelationships occurring among countries for the critical variables considered. That is, we succeed in evaluating the contribution to growth of a country with respect to another one in terms of the variables involved. We address and corroborate the validity of our conjectures on the importance of the business services in the innovation and production processes by presenting also a minimal model. Further, we provide an evaluation of the convolution integral of our differential system to determine the necessary initial conditions of the critical variables for policy purposes. We then perform a sensitivity analysis to assess per each country the effectiveness of some possible efforts in order to gain stability.
|Date of creation:||Jan 2014|
|Date of revision:|
|Contact details of provider:|| Postal: Viale Regina Elena, 295 - palazzina G, 00161 Roma|
Phone: 06-4925 5302
Fax: 06-4925 5349
Web page: http://www.dss.uniroma1.it/
More information through EDIRC
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.:
- Maggi, Bernardo & Muro, Daniel, 2013. "A multi-country non-linear dynamical model for the study of European growth based on technology and business services," Structural Change and Economic Dynamics, Elsevier, vol. 25(C), pages 173-187.
- Tom Holden, 2010.
"Products, patents and productivity persistence: A DSGE model of endogenous growth,"
Economics Series Working Papers
512, University of Oxford, Department of Economics.
- Holden, Tom, 2011. "Products, patents and productivity persistence: A DSGE model of endogenous growth," Dynare Working Papers 4, CEPREMAP.
- Paul Krugman, 1990.
"Increasing Returns and Economic Geography,"
NBER Working Papers
3275, National Bureau of Economic Research, Inc.
- Maggi, Bernardo & Padoan, Pier Carlo & Guerrieri, Paolo, 2009. "A continuous time model of European growth, integration and technology diffusion: The role of distance," Economic Modelling, Elsevier, vol. 26(3), pages 631-640, May.
- Oecd, 2005. "Potential Offshoring of ICT-intensive Using Occupations," OECD Digital Economy Papers 91, OECD Publishing.
- Walz, Uwe, 1996. "Transport costs, intermediate goods, and localized growth," Regional Science and Urban Economics, Elsevier, vol. 26(6), pages 671-695, December.
When requesting a correction, please mention this item's handle: RePEc:sas:wpaper:20141. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Stefano Fachin)
If references are entirely missing, you can add them using this form.