Agent-Based Computer Simulation of Dichotomous Economic Growth
Agent-Based Computer Simulation of Dichotomous Economic Growth reports a project in agent-based computer stimulation of processes of economic growth in a population of boundedly rational learning agents. The study is an exercise in comparative simulation.
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Advances in Computational Economics VOLUME 13
SERIES EDITORS Hans Amman, University ofAmsterdam, Amsterdam, The Netherlands Anna Nagumey, University of Massachusetts at Amherst, USA
EDITORIAL BOARD Anantha K. Duraiappah, European University Institute John Geweke, University of Minnesota Manfred GiIli, University of Geneva Kenneth L. Judd, Stanford University David Kendrick, University of Texas at Austin Daniel McFadden, University of California at Berkeley Ellen McGrattan, Duke University Reinhard Neck, University of Klagenjurt Adrian R. Pagan, Australian National University John Rust, University of Wisconsin Berc Rustem, University of London Hal R. Varian, University of Michigan
The titles published in this series are listed at the end of this volume.
Agent-Based Computer Simulation of Dichotomous Economic Growth by
Roger A. McCain Drexel University, Philadelphia, PA, USA
Springer Science+Business Media, LLC
Library of Congress Cataloging-in-Publication Data McCain, Roger A. Agent-based computer simulation of dichotomous economic growthiby Roger A. McCain. p.cm.--(Advances in computational economics; v.l3) Includes bibliographical references and index. ISBN 978-1-4613-7085-7 ISBN 978-1-4615-4613-9 (eBook) DOI 10.1007/978-1-4615-4613-9 I. Economic development--Mathematical models. 2. Econometric models--Computer simulation. I. Title. II. Series. HD75.5 .M39 1999 338.9'001 '13--dc21
99-047346
Copyright © 2000 Springer Science+Business Media New York Originally published by Kluwer Academic Publishers, New York in 2000 Softcover reprint of the hardcover 1st edition 2000 All rights reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, mechanical, photo-copying, recording, or otherwise, without the prior written permission of the publisher, Springer Science+Business Media, LLC.
Printed on acid-free paper.
This book is dedicated to the memory of Mary Gharst McCain, who wanted me to be a lawyer.
CONTENTS ACKNOWLEDGMENT 1
INTRODUCfION
ix 1
2 DICHOTOMIZATION WITHOUT STEADY GROWTH: BASELINE SIMULATIONS Figures for Chapter 2
5 22
3 STEADY ECONOMIC GROWTH: THE COBB-DOUGLAS CASE WITH "ENGINEERING- SCHOOL" HUMAN CAPITAL Figures for Chapter 3
31 38
4 SIMULATIONS OF STEADY ECONOMIC GROWTH WITH A COBB-DOUGLAS PRODUCfION FUNCfION Figures for Chapter 4
39 46
5 GROWTH WITH NON-UNITARY ELASTICITIES OF SUBSmUTION Figures for Chapter 5
55 63
6 LEARNING-BY -DOING AND THE PUZZLES OF ECONOMIC GROWTH: SURVEY AND INTERPRETATION Figure for Chapter 6
71 92
7
LEARNING BY OOING AND DICHOTOMOUS DEVELOPMENT Figures for Chapter 7
93 102
8
SIMULATIONS WITH IRREGULAR NEIGHBORHOODS Figures for Chapter 8
117
BOOLEAN TRADE NETWORKS Figures for Chapter 9
123 127
9
111
10 BACKWASH AND SPREAD: TRADE NETWORKS IN A SPACE OF AGENTS WHO LEARN BY OOING Figures for Chapter 10
131 136
11
141
CONCLUDING SUMMARY
REFERENCES
145
APPENDIX: PROGRAM CODE
149
INDEX
161
ACKNOWLEDGMENT This book has benefited from the examples, discussion and feedb
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