Complexity and Empirical Economics

By Steven N. Durlauf. 2005

185 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/f1144b9b09d377137f2cac994174858d3b22b3b3

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In Economics and Econometrics

Citations in the corpus

Financial power laws: Empirical evidence, models, and mechanism (2016, background): “In contrast to one recently articulated opinion (Durlauf [39] ) power laws in finance have never been regarded as curiosities.”
Quantifying China's Regional Economic Complexity (2017, background): “a paradigm change in a more complexity-oriented and data-oriented economic thinking [63, 64, 65].”
The economics of innovation: from the classical legacies to the economics of complexity (2009, background): “According to the analysis of Durlauf (2005) , the notion of path dependence is the specific form of complex dynamics applied to understanding economic systems as evolving systems that makes it possible to integrate into a single and coherent framework a number of relevant and complementary contribu”
Stochastic behavioral asset pricing models and the stylized facts (2008, background): “EDc = (n+ − n−)tc = 2Nxtc = xTc with Tc = 2Ntc (49)”
A new approach to business fluctuations: heterogeneous interacting agents, scaling laws and financial fragility (2003, background): “In this subsection we address a typical aggregation issue, known as the mixture problem, which is likely to negatively affect the reliability of results as soon as scaling plots are taken into account (Brock, 1999; Durlauf, 2003 ).”
Emergent Macroeconomics: An Agent-Based Approach to Business Fluctuations (2008, unknown): “the behavior of greatest units (countries) reproduces the behavior of smaller units (firms), possibly corrected by a scale factor (Durlauf, 2003).”