Two-dimensional constrained chaos and industrial revolution cycles

Makoto Yano () and Yuichi Furukawa
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Makoto Yano: b Research Institute of Economy, Trade and Industry , 100-8901 Tokyo , Japan

Proceedings of the National Academy of Sciences, 2023, vol. 120, issue 5, e2117497120

Abstract:

Since the 1760s, at least three industrial revolutions have occurred. To explain this phenomenon, we introduce two-dimensional (2D) constrained chaos. Using a model of innovation dynamics, we show that an industrial-revolution-like technology burst, driven by investment/saving motives for R&D activities, recurs about every one hundred years if the monopolistic use of a new technology lasts about 8 y.

Keywords: industrial revolutions; two-dimensional (2D) chaos; intellectual properties; market quality; innovation cycles (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:nas:journl:v:120:y:2023:p:e2117497120

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