Simulation Models of Technological Innovation
Bibliographic Data
| ID | 3759602 |
|---|---|
| Authors | Paul Windrum (0000-0002-2622-7030, University of Maastricht, The Netherlands, corresponding author) |
| Year | 1999 |
| Volume | 42 |
| Issue | 10 |
| Pages | 1531-1550 |
| Publication date | 1999-08-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | American Behavioral Scientist (JOURNAL) |
| Journal identifiers | ISSN: 0002-7642 • E-ISSN: 1552-3381 |
| Publisher | SAGE Publications Inc (PUBLISHER) |
| DOI | 10.1177/00027649921957874 |
| OpenAlex | W1998314476 |
| Language | EN |
| Citations received | 3 |
| References cited | 50 |
The use of simulation modelling techniques in studies of technological innovation dates back to Nelson and Winter's 1982 book, An Evolutionary Theory of Economic Change. Four main issues are identified in reviewing the key contributions in this burgeoning literature. First, a key driver in the construction of computer simulations has been the desire to develop theoretical models capable of dealing with the complex phenomena characteristic of technological innovation. Second, no single model captures all of the dimensions and stylized facts of innovative learning. The article develops a taxonomy that distinguishes between these dimensions and clarifies the different perspectives underpinning the contributions made by mainstream economists and nonmainstream, neo-Schumpeterian economists. Third, the simulation models are heavily influenced by the research questions of these different schools of thought. Finally, attention is drawn to the difference between learning and adaptation within a static environment and within a dynamic environment in which the introduction of new artifacts and patterns of behavior changes the selective pressure faced by agents
Adaptation (eye) · Economics · Evolutionary Economics · Key (lock) · Macroeconomics · Mainstream · Management science · Neoclassical economics · Political science · Positive economics · Sociology · Stylized fact · Technological change · Underpinning · Artificial Intelligence · Computer Science · Economic theories and models · Economic Theory and Institutions · Engineering · Innovation Diffusion and Forecasting · Psychology
The economics of technological change
The Economy as an Evolving Complex System II
A dynamic model of process and product innovation
Schumpeterian competition in alternative technological regimes
A Simple Model of Herd Behavior
Learning, Mutation, and Long Run Equilibria in Games
Exploration and Exploitation in Organizational Learning
The Economic Implications of Learning by Doing
An evolutionary theory of economic change
Inside the Black Box
Genes, Mind, and Culture
On the Principles of Political Economy, and Taxation
Technical Change and the Aggregate Production Function
The economy as an evolving network
A Model of Growth Through Creative Destruction
Increasing Returns and Long-Run Growth
A Theory of Fads, Fashion, Custom, and Cultural Change as Informational Cascades
The economics of growth and technical change
Technology Diffusion and the Rate of Technical Change
Innovation, Diversity and Diffusion
| Unique citing works | 3 |
|---|---|
| Citations per year | 0,11 |
| Citation span | 1999 - 2020 (22) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 3 |