Evolutionary Selection and Keynes–Schumpeter Macroeconomics - Bart Verspagen, Onder ) Nomaler, Danilo Spinola
This Element develops a stock-flow consistent agent-based macroeconomic model with Schumpeterian and Keynesian characteristics. On the Schumpeterian side, technological change is modelled as productivity growth as a result of research and development (R&D). The R&D strategies of firms are…