Entangled economy: An ecosystems approach to modeling systemic level dynamics

Juan David Robalino, Henrik Jeldtoft Jensen

Producción científica: Contribución a una revistaArtículorevisión exhaustiva

6 Citas (Scopus)

Resumen

We present a model of an economy inspired by individual based model approaches in evolutionary ecology. We demonstrate that evolutionary dynamics in a space of companies interconnected through a correlated interaction matrix produces time dependencies of the total size of the economy, total number of companies, companies' age and capital distribution that compares well with statistics for the USA. We discuss the relevance of our modeling framework to policy making.

Idioma originalInglés
Páginas (desde-hasta)773-784
Número de páginas12
PublicaciónPhysica A: Statistical Mechanics and its Applications
Volumen392
N.º4
DOI
EstadoPublicada - 15 feb. 2013
Publicado de forma externa

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