An implementation on Python of the classical Nelson and Winter models.
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Date
2022
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Abstract
This paper addresses the computational implementation in Python of the family
of classical Schumpeterian Competition models developed by Nelson and Winter. A simple
one-shot model is presented as a seed for the development of evolutionary dynamic models.
Then, a parallel development between theory and computational implementation using the
inheritance capabilities present in Python is done, in order to contemplate innovation, system
dynamics, adaptive innovation policies and patents. The results of the original work are
compared to the results found throughout the development of this work.
Description
Keywords
Industrial dynamics, Evolutionary economics
Citation
CLEMENTINO, J. B. do N.; BARRENECHEA, M. H. V. An implementation on Python of the classical Nelson and Winter models. Economia Ensaios, Uberlândia, v. 37, n. esp., p. 238-271, ago. 2022. Disponível em: <https://seer.ufu.br/index.php/revistaeconomiaensaios/article/view/66702>. Acesso em: 01 mar. 2023.