XECON: An Experimental / Evolutionary Model of Economic Growth - ARCHIVED
Articles and reports: 11F0019M1995067
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.
Main Product: Analytical Studies Branch Research Paper Series