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Escaping the trap of 'blocking': a kinetic model linking economic development and political competition
- Source :
- CONICET Digital (CONICET), Consejo Nacional de Investigaciones Científicas y Técnicas, instacron:CONICET
- Publication Year :
- 2016
- Publisher :
- arXiv, 2016.
-
Abstract
- In this paper we present a kinetic model with evolutive stochastic game-type interactions, analyzing the relationship between the level of political competition in a society and the degree of economic liberalization. The above issue regards the complex interactions between economy and institutional policies intended to introduce technological innovations in a society, where technological innovations are intended in a broad sense comprehending reforms critical to production [3]. A special focus is placed on the political replacement effect described in a macroscopic model by Acemoglu and Robinson (AR-model [1], henceforth), which can determine the phenomenon of innovation 'blocking', possibly leading to economic backwardness. One of the goals of our modelization is to obtain a mesoscopic dynamical model whose macroscopic outputs are qualitatively comparable with stylized facts of the AR-model and the comparison is settled in a number of case studies. A set of numerical solutions is presented showing the non monotonous relationship between economic liberalization and political competition in particular conditions, which can be considered as an emergent phenomenon of the analyzed complex socioeconomic interaction dynamics. Fil: Dolfin, M.. Universita Degli Studi Di Messina; Italia Fil: Knopoff, Damián Alejandro. Consejo Nacional de Investigaciones Científicas y Técnicas. Centro Científico Tecnológico Conicet - Córdoba. Centro de Investigación y Estudios de Matemática. Universidad Nacional de Córdoba. Centro de Investigación y Estudios de Matemática; Argentina Fil: Leonida, L.. University College London; Estados Unidos Fil: Maimone Ansaldo Patti, D.. Universita Degli Studi Di Messina; Italia
- Subjects :
- Physics - Physics and Society
Matemáticas
Political economy, technological innovation, political competition, interacting subpopulations, kinetic theory
FOS: Physical sciences
Physics and Society (physics.soc-ph)
Economía y Negocios
01 natural sciences
Backwardness
Matemática Pura
010305 fluids & plasmas
purl.org/becyt/ford/1 [https]
CIENCIAS SOCIALES
Competition (economics)
FOS: Economics and business
Politics
technological innovation
Phenomenon
0103 physical sciences
Economics
Production (economics)
POLITICAL ECONOMY
purl.org/becyt/ford/5.2 [https]
KINETIC THEORY
0101 mathematics
Blocking (linguistics)
Numerical Analysis
Stylized fact
purl.org/becyt/ford/5 [https]
political competition
INTERACTING SUBPOPULATIONS
purl.org/becyt/ford/1.1 [https]
Economic liberalization
interacting subpopulations
Neoclassical economics
Economía, Econometría
010101 applied mathematics
Political economy
Modeling and Simulation
kinetic theory
POLITICAL COMPETITION
Quantitative Finance - General Finance
General Finance (q-fin.GN)
TECHNOLOGICAL INNOVATION
CIENCIAS NATURALES Y EXACTAS
Subjects
Details
- Database :
- OpenAIRE
- Journal :
- CONICET Digital (CONICET), Consejo Nacional de Investigaciones Científicas y Técnicas, instacron:CONICET
- Accession number :
- edsair.doi.dedup.....edbbcd272bb0e257f2f7ef464a975493
- Full Text :
- https://doi.org/10.48550/arxiv.1602.08442