Entangled Economy: an ecosystems approach to modeling systemic level dynamics
General Finance
2015-06-05 v1
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.
Cite
@article{arxiv.1207.6091,
title = {Entangled Economy: an ecosystems approach to modeling systemic level dynamics},
author = {Juan David Robalino and Henrik Jeldtoft Jensen},
journal= {arXiv preprint arXiv:1207.6091},
year = {2015}
}
Comments
25 pages, 11 figures