NDLI: Stochastic Lotka-Volterra equations: a model of lagged diffusion of technology in an interconnected world

Content Provider	IIM Ahmedabad
Author	Chakrabarti, Anindya
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.
Alternate Webpage(s)	https://vslir.iima.ac.in:8443/xmlui/handle/11718/17054
Language	English
Publisher	Indian Institute of Management - Ahmedabad
Publisher Date	2015-09-02
Access Restriction	Open
Subject Keyword	Working Paper Lotka-Volterra Zipf's law Stock Price
Content Type	Text
Resource Type	Article

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