کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
988265 | 1481023 | 2016 | 13 صفحه PDF | دانلود رایگان |
• Path dependence is defined and different concepts of path dependence are discussed.
• Practical difficulties associated with building path-dependent macrodynamic models are identified.
• Multi-agent systems (MAS) analysis is shown to be a means for addressing these difficulties.
• A concrete example is provided in the form of a simple but illustrative MAS model of path-dependent aggregate fluctuations.
This paper discusses the concept of path dependence in macrodynamics, and identifies practical difficulties associated with building path-dependent macrodynamic models of the sort that Keynesians and Schumpeterians regard as necessary for the successful study of long-term growth and development. It is suggested that multi-agent systems (MAS) analysis can help address these difficulties, and therefore provides a useful tool for advancing path-dependent macrodynamic analysis. A concrete example is provided in the form of a simple but illustrative MAS model of path-dependent aggregate fluctuations.
Journal: Structural Change and Economic Dynamics - Volume 38, September 2016, Pages 25–37