XECON: An Experimental / Evolutionary Model of Economic Growth

Michael Wolfson

Analytical Studies Branch Research Paper Series from Statistics Canada, Analytical Studies Branch

Abstract:

The role of technical innovation in economic growth is both a current matter of keen public policy interest, and active exploration in economic theory. However, formal economic theorizing is often constrained by considerations of mathematical tractability. Evolutionary economic theories which are realized as computerized microsimulation models offer significant promise both for transcending mathematical constraints and addressing fundamental questions in a more realistic and flexible manner. This paper sketches XEcon, a microsimulation model of economic growth in the evolutionary tradition.

Keywords: Information and communications technology; Innovation; Science and technology; Simulations; Statistical methods (search for similar items in EconPapers)
Date: 1995-06-30
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Persistent link: https://EconPapers.repec.org/RePEc:stc:stcp3e:1995067e

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