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Agent-Based Computer Simulation of Dichotomous Economic Growth (ADVANCES IN COMPUTATIONAL ECONOMICS Volume 13) (Advances in Computational Economics) by Roger A. McCain is a book available to read on EtoBox.

What is Agent-Based Computer Simulation of Dichotomous Economic Growth (ADVANCES IN COMPUTATIONAL ECONOMICS Volume 13) (Advances in Computational Economics) about?

Agent-Based Computer Simulation of Dichotomous Economic Growth reports a project in agent-based computer stimulation of processes of economic growth in a population of boundedly rational learning agents. The study is an exercise in comparative simulation. That is, the same family of growth models will be simulated under different assumptions about the nature of the learning process and details of the production and growth processes. The purpose of this procedure is to establish a relationship between the assumptions and the simulation results. The study brings together a number of theoretical and technical developments, only some of which may be familiar to any particular reader. In this first chapter, some issues in economic growth are reviewed and the objectives of the study are outlined. In the second chapter, the simulation techniques are introduced and illustrated with baseline simulations of boundedly rational learning processes that do not involve the complications of dealing with long-run economic growth. The third chapter sketches the consensus modern theory of economic growth which is the starting point for further study. In the fourth chapter, a family of steady growth m

Author

Roger A. McCain

Publisher

Kluwer Academic; Springer

Published

2012

Language

EN

ISBN

9781461546139

Subjects

Business, Economics, Management