A Dynamical Model of Technology Diffusion and Business Services for the Study of the European Countries Growth and Stability

Bernardo Maggi () and Daniel Muro ()
Additional contact information
Bernardo Maggi: Sapienza University of Rome
Daniel Muro: University of Roma III

A chapter in The Evolution of Economic and Innovation Systems, 2015, pp 551-577 from Springer

Abstract: Abstract With this study we intend to define a methodology capable to deal with the task of evaluating and planning the interdependent dynamics of growth for some European countries together with their foreign partners. To that aim we employ a nonlinear differential equations system representing a disequilibrium model based on a Schumpeterian evolutionary context with endogenous technology. We use such a model in order to disentangle the interrelationships occurring among countries for the critical variables considered. That is, we succeed in evaluating the contribution to growth of a country with respect to another one in terms of the variables involved. We address and corroborate the validity of our conjectures on the importance of the business services in the innovation and production processes by presenting also a minimal model. Further, we provide an evaluation of the convolution integral of our differential system to determine the necessary initial conditions of the critical variables for policy purposes. We then perform a sensitivity analysis to assess per each country the effectiveness of some possible efforts in order to gain stability.

Keywords: Endogenous Variable; Business Service; Dynamical Stochastic General Equilibrium; Knowledge Intensive Business Service; Identity Constraint (search for similar items in EconPapers)
Date: 2015
References: Add references at CitEc
Citations: View citations in EconPapers (1)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:eccchp:978-3-319-13299-0_21

Ordering information: This item can be ordered from
http://www.springer.com/9783319132990

DOI: 10.1007/978-3-319-13299-0_21

Access Statistics for this chapter

More chapters in Economic Complexity and Evolution from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().