Visit our Christmas Gift Finder
Click & Collect from 2 Hours*
Last Christmas delivery dates
Free UK Standard Delivery On all orders £20 and over Order in time for Christmas 19th December 2nd Class | 20th December 1st Class Free Click & Collect to UK shops From 2 hours of your order*
Technological Change and Network Effects in Growth Regimes: Exploring the Microfoundations of Economic Growth (Paperback)
  • Technological Change and Network Effects in Growth Regimes: Exploring the Microfoundations of Economic Growth (Paperback)
zoom

Technological Change and Network Effects in Growth Regimes: Exploring the Microfoundations of Economic Growth (Paperback)

(author)
£44.99
Paperback 384 Pages / Published: 04/03/2015
  • We can order this

Usually dispatched within 3 weeks

  • This item has been added to your basket

In this new volume it is argued that network effects are much more common than usually assumed, and that they have a profound impact on many aspects of economic systems, especially technological change and economic growth. The analysis and modelling of this interrelationship is the central focus of this book.

While there exists a vast body of literature on economic growth, the theories put forward so far have had limited success in explaining observed patterns of economic growth. `Growth cycles' in particular continue to elude standard economic models, though evolutionary economics has made some progress. Seeking to fill the gap, Torsten Heinrich's innovative approach uses microeconomics to explain heterogeneous sectoral dynamics on the meso level, and then aggregating these to observed macroeconomic growth rates. In this way, it is shown that an evolutionary model of technological change with network effects can explain not only commonly observed asymmetric industry structures, monopolies and oligopolies but also `growth cycles'.

The book includes a comprehensive account of the most influential economic growth theories, a discussion of the research on network effects as well as an introduction to the methodology, the model, and a case study on the recent emergence of information and communication technology.

This important new volume will be relevant to all those interested in theoretical economics, growth theory, innovation economics, agent based modelling and industry dynamics.

Publisher: Taylor & Francis Ltd
ISBN: 9781138905771
Number of pages: 384
Weight: 544 g
Dimensions: 235 x 159 x 20 mm


MEDIA REVIEWS

'Will be read with profit, even by experts in the fields of economics of innovation, economic dynamics (cycles and growth), agent-based modelling, the IT industry, and the micro foundations of macroeconomics. The author's compact simulation models are studded all over with sockets for plugging in one's own lines of research.' - Colin Richardson, Adjunct Professor of Economics, Centre for International Security Studies, University of Sydney

You may also be interested in...

Why Growth Matters
Added to basket
Introduction to Economic Growth
Added to basket
The Bubble Economy
Added to basket
Blocked by Caste
Added to basket
£14.99
Paperback
Back to Work
Added to basket
The Power of Just Doing Stuff
Added to basket
China Rises
Added to basket
£9.99
Paperback
How China Became Capitalist
Added to basket
Pillars of Prosperity
Added to basket
Finance and the Good Society
Added to basket
Economic Growth
Added to basket
£52.99
Paperback
Farewell to Growth
Added to basket
Maonomics
Added to basket
£12.99
Paperback
When the Money Runs Out
Added to basket
Reinventing London
Added to basket

Please sign in to write a review

Your review has been submitted successfully.