dc.contributor.author | Chakrabarti, Anindya | |
dc.date.accessioned | 2017-06-22T03:44:18Z | |
dc.date.available | 2017-06-22T03:44:18Z | |
dc.date.issued | 2016 | |
dc.identifier.citation | Chakrabarti A.S. (2016). Stochastic Lotka-Volterra equations: A model of lagged diffusion of technology in an interconnected world. Physica A: Statistical Mechanics and its Applications, 442, 214-223. | en_US |
dc.identifier.uri | http://hdl.handle.net/11718/19426 | |
dc.description.abstract | We present a model of technological evolution due to interaction between multiple countries and the resultant effects on the corresponding macro variables. The world consists of a set of economies where some countries are leaders and some are followers in the technology ladder. All of them potentially gain from technological breakthroughs. Applying Lotka-Volterra (LV) equations to model evolution of the technology frontier, we show that the way technology diffuses creates repercussions in the partner economies. This process captures the spill-over effects on major macro variables seen in the current highly globalized world due to trickle-down effects of technology. | en_US |
dc.language.iso | en_US | en_US |
dc.publisher | Elsevier | en_US |
dc.subject | Business cycle | en_US |
dc.subject | Correlation | en_US |
dc.subject | Economic networks | en_US |
dc.subject | Lotka-Volterra | en_US |
dc.title | Stochastic Lotka-Volterra equations: a model of lagged diffusion of technology in an interconnected world | en_US |
dc.type | Article | en_US |