Computational Model Library

Agent-Based Ramsey growth model with endogenous technical progress (ABRam-T) (1.1.0)

The Agent-Based Ramsey growth model is designed to analyze and test a decentralized economy composed of utility maximizing agents, with a particular focus on understanding the growth dynamics of the system. We consider farms that adopt different investment strategies based on the information available to them. The model is built upon the well-known Ramsey growth model, with the introduction of endogenous technical progress through mechanisms of learning by doing and knowledge spillovers.

Release Notes

Run the notebook run_the_model_notebook.ipynb to run a simulation and to plot results from the simulation.

Associated Publications

https://doi.org/10.5281/zenodo.10654996

Agent-Based Ramsey growth model with endogenous technical progress (ABRam-T) 1.1.0

The Agent-Based Ramsey growth model is designed to analyze and test a decentralized economy composed of utility maximizing agents, with a particular focus on understanding the growth dynamics of the system. We consider farms that adopt different investment strategies based on the information available to them. The model is built upon the well-known Ramsey growth model, with the introduction of endogenous technical progress through mechanisms of learning by doing and knowledge spillovers.

Release Notes

Run the notebook run_the_model_notebook.ipynb to run a simulation and to plot results from the simulation.

Version Submitter First published Last modified Status
1.1.0 Aida Sarai Figueroa Alvarez Mon Feb 19 09:04:32 2024 Mon Feb 19 09:04:33 2024 Published Peer Reviewed
1.0.0 Aida Sarai Figueroa Alvarez Wed Feb 14 10:51:06 2024 Wed Feb 14 10:51:06 2024 Published

Discussion

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