Title:
Complex systems and economic development
Complex systems and economic development
Author(s)
Yoguel, Gabriel
Robert, Verónica
Erbes, Analía
Robert, Verónica
Erbes, Analía
Advisor(s)
Editor(s)
Collections
Supplementary to
Permanent Link
Abstract
This paper is based on an application of complex systems' approach to
economics with the objective of explaining the micro, meso and
macroeconomic mechanisms of development. The complex systems' approach
makes it possible to tackle the problem of evolution and economic
development under conditions of temporal irreversibility, non-linear change
and radical uncertainty. This study emphasizes the importance of the relationship between the absorption and connectivity capacities and processes
of structural change, creative destruction and appropriation. It shows that
capacities and processes interact according to two complex systems'
properties: self-organization and adaptation, which account for economic
development. In addition, the paper presents some policy issues that derived
from the analytical approach of complex systems.
Sponsor
Date Issued
2008-09
Extent
Resource Type
Text
Resource Subtype
Proceedings