Entangled Economy: an ecosystems approach to modeling systemic level dynamics

Juan David Robalino () and Henrik Jeldtoft Jensen

Papers from arXiv.org

Abstract: 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 USA. We discuss the relevance of our modeling framework to policy making.

Date: 2012-07
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Citations: View citations in EconPapers (2)

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Journal Article: Entangled economy: An ecosystems approach to modeling systemic level dynamics (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:arx:papers:1207.6091

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