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Leonardo C. Ribeiro (), Ricardo M. Ruiz (), Eduardo Albuquerque () and Américo T. Bernardes ()
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Leonardo C. Ribeiro: Departamento de Física, Universidade Federal de Minas Gerais, Av. Antãnio Carlos, 6627, 31270-901 Belo Horizonte — MG, Brazil
Ricardo M. Ruiz: Faculdade de Ciências Econômicas and CEDEPLAR, Universidade Federal de Minas Gerais, Rua Curitiba, 832, Belo Horizonte, 30170-120, Belo Horizonte — MG, Brazil
Américo T. Bernardes: Departamento de Física, Universidade Federal de Ouro Preto, Campus Morro do Cruzeiro, 35400-000, Ouro Preto — MG, Brazil

International Journal of Modern Physics C (IJMPC), 2006, vol. 17, issue 02, 247-257

Abstract: Science and technology have a fundamental role in the economic development. Although this statement is generally well accepted, the internal mechanisms which are responsible for these interactions are not clear. In the last decade, dealing with this problem, many models have been proposed. In this paper, we introduce a model that creates an artificial world economy that is a network of countries. Each country has its own national system of innovation and the interactions between countries are given by functions that connect the competitiveness of their prices and their technological capabilities. Starting from different configurations, the artificial world economy self-organizes itself and creates a hierarchies of countries.

Keywords: Innovation; econophysics; dynamical systems; computer simulations; 89.20.-a; 89.65.Gh; 89.75.-k; 05.10.-a (search for similar items in EconPapers)
Date: 2006
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DOI: 10.1142/S0129183106008819

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