Economic convergence: policy implications from a heterogeneous agent model

DOI10.1016/J.JEDC.2014.04.004MaRDI QIDQ1994573zbMATH OpenOpenAlexFDO

Authors Herbert Dawid, P. Harting, Michael Neugart

Publication date 1 November 2018

Published in Journal of Economic Dynamics and Control (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.jedc.2014.04.004

zbMATH Keywords

economic convergenceagent-based modeltechnology adoptionregional economicscohesion policiesskill complementarity

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Credit risk (91G40) Heterogeneous agent models (91B69)

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Cites work

• A Note on Penalized Spline Smoothing With Correlated Errors
• Buffer-Stock Saving and the Life Cycle/Permanent Income Hypothesis
• Fast Stable Restricted Maximum Likelihood and Marginal Likelihood Estimation of Semiparametric Generalized Linear Models
• Growth effects of spatial redistribution policies
• Handbook of computational economics. Vol. 2: Agent-based computational economics
• Income distribution, credit and fiscal policies in an agent-based Keynesian model
• Individual learning about consumption
• Leveraged network-based financial accelerator
• Productivity differences
• Schumpeter meeting Keynes: a policy-friendly model of endogenous growth and business cycles
• The financial accelerator in an evolving credit network
• Why Do New Technologies Complement Skills? Directed Technical Change and Wage Inequality

Cited in

(16)

• EDUCATION, NEIGHBORHOOD EFFECTS AND GROWTH: AN AGENT-BASED MODEL APPROACH
• Endogenous growth and global divergence in a multi-country agent-based model
• Agent-based model calibration using machine learning surrogates
• From general equilibrium to Schumpeter
• Optimal monetary policy in a New Keynesian model with animal spirits and financial markets
• Fiscal and monetary policies in complex evolving economies
• Growth effects of spatial redistribution policies
• High-efficient sample point transform algorithm for large-scale complex optimization
• Should I stay or should I go? An agent-based setup for a trading and monetary union
• The dynamics of economic convergence: the role of alternative investment decisions
• When more flexibility yields more fragility: the microfoundations of Keynesian aggregate unemployment
• Forecasting in a complex environment: machine learning sales expectations in a stock flow consistent agent-based simulation model
• Coping with inefficiencies in a New Economic Geography model: the unintended consequences of policy interventions
• Agent based-stock flow consistent macroeconomics: towards a benchmark model
• Regional business development policy in Central and Eastern Europe: a mechanism design perspective
• Public policies and convergence

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