New Tools of Economic Dynamics

Front Cover
Springer Science & Business Media, Jul 13, 2005 - Business & Economics - 396 pages

New Tools of Economic Dynamics gives an introduction and overview of recently developed methods and tools, most of them developed outside economics, to deal with the qualitative analysis of economic dynamics. It reports the results of a three-year research project by a European and Latin American network on the intersection of economics with mathematical, statistical, and computational methods and techniques. Focusing upon the evolution and manifold structure of complex dynamic phenomena, the book reviews and shows applications of a variety of tools, such as symbolic and coded dynamics, interacting agents models, microsimulation in econometrics, large-scale system analysis, and dynamical systems theory. It shows the potential of a comprehensive analysis of growth, fluctuations, and structural change along the lines indicated by pioneers like Harrod, Haavelmo, Hicks, Goodwin, Morishima, and it highlights the explanatory power of the qualitative approach they initiated.

 

Contents

Modeling a Large Number of Agents by Types Models as Large Random Decomposable Structures
3
An ABMEvolutionary Approach Bilateral Exchanges Bargaining and Walrasian Equilibria
25
A Genetic Algorithms Approach Social Aggregation and Learning with Heterogeneous Agents
43
Structure and Macroeconomic Performance Heterogeneous Firms and Financial Fragility
61
Firms Interaction and Technological Paradigms
79
Can Catastrophe Theory Become a New Tool in Understanding Singular Economies?
95
Pretopological Analysis on the Social Accounting Matrix for an EighteenSector Economy The Mexican Financial System
111
Firm Creation as an Inductive Learning Process A Neural Network Approach
127
Policy Analysis Using a Microsimulation Model of the Italian Households
221
Validating a Dynamic Microsimulation Model of the Italian Households
239
Recent Advances in Micromodeling The Choice of Retiring
255
Applied Econometrics Methods and Monetary Policy Empirical Evidence from the Mexican Case
273
Themes of Growth and Development
295
Environmental Policy Options in the MultiRegimes Framework
297
An Empirical Analysis of Growth Volatility A Markov Chain Approach
319
New Measurement Tools of the ExternalConstrained Growth Model with Applications for Latin America
335

AgentBased Environments A Review
149
Econometrics and Time Series
165
Smooth Transition Models of Structural Change
167
FractionofTime Approach in Predicting ValueatRisk
191
Spectral Analysis for Economic Time Series
203
The Fractal Structure Efficiency and Structural Change The Case of the Mexican Stock Market
347
Processes of Evolutionary SelfOrganization in High Inflation Experiences
357
SemiInfinite Programming Properties and Applications to Economics
373
Index
395
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