Evolutionary Selection and Keynes–Schumpeter Macroeconomics

Nomaler, Onder (The United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (UNU-MERIT)), Spinola, Danilo (Birmingham City University), Verspagen, Bart (Maastricht University)

Description

This Element mentions the development of a stock-flow consistent agent-based macroeconomic model with Schumpeterian and Keynesian characteristics. In the long run, an evolutionary stable R&D strategy of firms emerges, leading to endogenous productivity growth. This title is also available as Open Access on Cambridge Core.
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Year
2025
Language
English
Pages
96
EAN
9781009619523
Binding format
Paperback / softback

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