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XECON: An Experimental / Evolutionary Model of Economic Growth

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  • Wolfson, Michael

Abstract

The role of technical innovation in economic growth is both a current matter of keen public policy interest, and active exploration in economic theory. However, formal economic theorizing is often constrained by considerations of mathematical tractability. Evolutionary economic theories which are realized as computerized microsimulation models offer significant promise both for transcending mathematical constraints and addressing fundamental questions in a more realistic and flexible manner. This paper sketches XEcon, a microsimulation model of economic growth in the evolutionary tradition.

Suggested Citation

  • Wolfson, Michael, 1995. "XECON: An Experimental / Evolutionary Model of Economic Growth," Analytical Studies Branch Research Paper Series 1995067e, Statistics Canada, Analytical Studies Branch.
    • Handle: RePEc:stc:stcp3e:1995067e
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    File URL: https://www150.statcan.gc.ca/n1/en/catalogue/11F0019M1995067
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    1. Antonov, Mikhail & Trofimov, Georgi, 1993. "Learning through short-run macroeconomic forecasts in a micro-to-macro model," Journal of Economic Behavior & Organization, Elsevier, vol. 21(2), pages 181-203, June.
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    5. Ballot, Gérard & Taymaz, Erol, 1993. "Firm-Sponsored Training, Technical Progress and Aggregate Performance in a Micro-Macro Model," Working Paper Series 402, Research Institute of Industrial Economics.
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