Industrial dynamics, fiscal policy and R&D: Evidence from a computational experiment

B-Tier
Journal: Journal of Economic Behavior and Organization
Year: 2007
Volume: 64
Issue: 3-4
Pages: 426-447

Score contribution per author:

0.402 = (α=2.01 / 5 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We present an agent-based computational model in which bounded rational firms and workers trade on fully decentralized markets for final goods and labor by means of random matching protocols. The model replicates several macroeconomic phenomena regularly observed in the data, with aggregate features emerging from the localized interactions of individual entities. The model is then used as a computational laboratory to run an experiment on the role of fiscal policy in increasing macroeconomic performance.

Technical Details

RePEc Handle
repec:eee:jeborg:v:64:y:2007:i:3-4:p:426-447
Journal Field
Theory
Author Count
5
Added to Database
2026-01-25