Exploitation, exploration and innovation in a model of endogenous growth with locally interacting agents

By Giorgio Fagiolo, Giovanni Dosi. 2003

125 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Management Science and Operations Research

View Paper: https://www.semanticscholar.org/paper/b345592fe58c267c3c1b659ae30fe83c9d0e0458

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

1. Giovanni Dosi
2. Andrea Roventini
3. Giorgio Fagiolo
4. Richard R. Nelson
5. Alessio Moneta
6. Paul Windrum
7. Alex Coad
8. Franco Malerba

In Management Science and Operations Research

1. Giovanni Dosi
2. Giorgio Fagiolo
3. Andrea Roventini
4. Richard R. Nelson
5. Alessio Moneta

Citations in the corpus

• An Evolutionary Model of Endogenous Business Cycles (2006, background): “(7)See, among others, Fazzari and Athey (1987) and Bond and Meghir (1994). For an alternative point of view, cf. Kaplan and Zingales (1997) and Erickson and Whited (2000).”
• A Critical Guide to Empirical Validation of Agent-Based Models in Economics: Methodologies, Procedures, and Open Problems (2007, background): “For example, Fagiolo and Dosi (2003) study an evolutionary growth model that is able to reproduce several stylized facts about output dynamics, such as I(1) patterns of GNP growth, growth-rates autocorrelation structure, absence of size-effects, etc., while explaining the emergence of…”
• Empirical Validation of Agent-Based Models: Alternatives and Prospects (2007, background): “For example, Fagiolo and Dosi (2003) study an evolutionary growth model that is able to reproduce many stylised facts of output dynamics, such as I(1) patterns of GNP growth, growth-rates autocorrelation structure, absence of size-effects, etc., while explaining the emergence of self-sustaining…”
• Technical Change and Industrial Dynamics as Evolutionary Processes (2009, background): “…in more complicated but more realistic accounts, allowing for imitation, transition probabilities of each j should depend also on the states achieved by all other agents and some metrics on their distances: see for example Chiaromonte and Dosi (1993), Dosi et al. (1994), Fagiolo and Dosi (2003).”
• Schumpeter meeting Keynes: A policy-friendly model of endogenous growth and business cycles (2010, background): “5 See, however, the exceptions of Dosi et al. (1994) and Fagiolo and Dosi (2003).”