IDEAS home Printed from https://ideas.repec.org/a/eee/phsmap/v392y2013i4p773-784.html
   My bibliography  Save this article

Entangled economy: An ecosystems approach to modeling systemic level dynamics

Author

Listed:
  • Robalino, Juan David
  • Jensen, Henrik Jeldtoft

Abstract

We present a model of an economy inspired by individual based model approaches in evolutionary ecology. We demonstrate that evolutionary dynamics in a space of companies interconnected through a correlated interaction matrix produces time dependencies of the total size of the economy, total number of companies, companies’ age and capital distribution that compares well with statistics for the USA. We discuss the relevance of our modeling framework to policy making.

Suggested Citation

  • Robalino, Juan David & Jensen, Henrik Jeldtoft, 2013. "Entangled economy: An ecosystems approach to modeling systemic level dynamics," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 392(4), pages 773-784.
    • Handle: RePEc:eee:phsmap:v:392:y:2013:i:4:p:773-784
    DOI: 10.1016/j.physa.2012.10.037
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0378437112009387
    Download Restriction: Full text for ScienceDirect subscribers only. Journal offers the option of making the article available online on Science direct for a fee of $3,000
    File URL: https://libkey.io/10.1016/j.physa.2012.10.037?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to look for a different version below or search for a different version of it.

    Other versions of this item:

    References listed on IDEAS

    as
    1. Laird, Simon & Jensen, Henrik Jeldtoft, 2007. "Correlation, selection and the evolution of species networks," Ecological Modelling, Elsevier, vol. 209(2), pages 149-156.
    2. Kling Arnold, 2011. "PSST: Patterns of Sustainable Specialization and Trade," Capitalism and Society, De Gruyter, vol. 6(2), pages 1-20, December.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Pável Vázquez & Jesús A del Río & Karla G Cedano & Manuel Martínez & Henrik J Jensen, 2015. "An Entangled Model for Sustainability Indicators," PLOS ONE, Public Library of Science, vol. 10(8), pages 1-12, August.
    2. Aiyshwariya Paulvannan Kanmani & Renee Obringer & Benjamin Rachunok & Roshanak Nateghi, 2020. "Assessing Global Environmental Sustainability Via an Unsupervised Clustering Framework," Sustainability, MDPI, vol. 12(2), pages 1-12, January.
    3. Rudy Arthur & Arwen Nicholson & Paolo Sibani & Michael Christensen, 2017. "The Tangled Nature Model for organizational ecology," Computational and Mathematical Organization Theory, Springer, vol. 23(1), pages 1-31, March.
    4. Arthur, R. & Sibani, P., 2017. "Decision making on fitness landscapes," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 471(C), pages 696-704.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Arthur, R. & Sibani, P., 2017. "Decision making on fitness landscapes," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 471(C), pages 696-704.
    2. Swanack, Todd M. & Grant, William E. & Fath, Brian D., 2008. "On the use of multi-species NK models to explore ecosystem development," Ecological Modelling, Elsevier, vol. 218(3), pages 367-374.
    3. Alexander William Salter & Thomas L. Hogan, 2019. "Expectations and NGDP Targeting: Supply-Side Problems with Demand-Side Policy," Journal of Private Enterprise, The Association of Private Enterprise Education, vol. 34(Fall 2019), pages 89-106.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:phsmap:v:392:y:2013:i:4:p:773-784. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.journals.elsevier.com/physica-a-statistical-mechpplications/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.