Journal article | Zeitschriftenartikel
Industrial dynamics, fiscal policy and R&D: evidence from a computational experiment
We present an agent-based computational model in which bounded rational firms and workers trade on fully decentralized markets for final goods and labor by means of random matching protocols. The model replicates several macroeconomic phenomena regularly observed in the data, with aggregate features emerging from the localized interactions of individual entities. The model is then used as a computational laboratory to run an experiment on the role of fiscal policy in increasing macroeconomic performance.
- Extent
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Seite(n): 426-447
- Language
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Englisch
- Notes
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Status: Postprint; begutachtet (peer reviewed)
- Bibliographic citation
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Journal of Economic Behavior & Organization, 64(3-4)
- Subject
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Wirtschaft
Volkswirtschaftslehre
- Event
-
Geistige Schöpfung
- (who)
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Russo, Alberto
Catalano, Michele
Gaffeo, Edoardo
Gallegati, Mauro
Napoletano, Mauro
- Event
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Veröffentlichung
- (where)
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Niederlande
- (when)
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2007
- DOI
- URN
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urn:nbn:de:0168-ssoar-199516
- Rights
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GESIS - Leibniz-Institut für Sozialwissenschaften. Bibliothek Köln
- Last update
-
21.06.2024, 4:27 PM CEST
Data provider
This object is provided by:
GESIS - Leibniz-Institut für Sozialwissenschaften. Bibliothek Köln. If you have any questions about the object, please contact the data provider.
GESIS - Leibniz-Institut für Sozialwissenschaften. Bibliothek Köln. If you have any questions about the object, please contact the data provider.
Object type
- Zeitschriftenartikel
Associated
- Russo, Alberto
- Catalano, Michele
- Gaffeo, Edoardo
- Gallegati, Mauro
- Napoletano, Mauro
Time of origin
- 2007
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