Multiagent Model of Economic Evolution: Analysis of Sensitivity of Trajectory
Journal Title: Бізнес Інформ - Year 2015, Vol 4, Issue 0
Abstract
On the basis of the postulates of evolutionary economics, hypotheses of model of economic agents interaction have been formulated, which are formalized by the following set of assumptions: release of agents is described with the Cobb-Douglas production functions; only the economic agents with sufficient investment means may become innovators; agents interact, buy and sell technologies; agents that do not have sufficient amount of capital, pass away; successful economic agents can «spawn a child» and allocate it to the technology and production factors. Based on the listed assumptions, a multiagent model of economic evolution has been developed in the NetLogo software environment. A series of experiments with the model were carried out to analyze the sensitivity of trajectories of total release of agents to the changes in exogenous variables: the initial number of agents, prices of technology, upper limit of capital, with reaching of which agent will be capable of becoming an innovator or «spawn a child», and lower limit of capital, with reaching of which agent passes away. Conclusions about the generated model modes of economic evolution have been drawn. Type of functional dependency between the average value of the absolute growth of aggregate release and values of exogenous parameters of the model has been determined. Practical significance of the constructed evolutionary model of interaction of economic agents is represented by the possibility to analyze the impact of technological development on the nature and pace of macroeconomic dynamics.
Authors and Affiliations
Kateryna Kononova, Elvira Kovpak, Petro Sukhomlyn
Keywords
Related Articles
- EP ID EP95084
- DOI -
- Views 103
- Downloads 0
Directions of Improvement of State Regulation of the Market of Educational Services
The issue of improvement of the regulating influence of the state upon the market of educational services is still little-studied in modern science. That is why, the article considers improvement of methods of state regu...
The Tourism and Recreation Cluster Strategic Management Development Organizing
Scheme of hierarchical representation of the strategic management of tourism and recreational cluster developed. As the basis of the strategic process at the selected cluster activation integrative trends and consistentl...
Evaluating the Influence of Enterprises in Transportation Sector on Development of Economy of Ukraine
The article is aimed to study the key parameters of positioning of enterprises in transportation sector of Ukraine and identify their influence on state of the economy by means of calculating regression models. As result...
Manifestations Features of Synergy's Effects in Ukrainian Economy
In this paper proposed the concept of synergy and "synergetic economy", given the differences between the economy and the synergetic traditional Ukrainian economy, analyze the types of synergies in Ukraine, suggested two...
Methodological Approach to the Evaluation of the Financial Security of Regions in Ukraine
The current state of the financial security of Ukraine's regions based on the taxonomic index is defined. Neural networks of financial security of Ukraine's regions with the help of Statistica Neural Networks are built....