Research is being carried out on the theory of economic change in the line of thought of evolutionary economics. Economic change is seen as a process and evolutionary theory still needs to be developed to offer a fully satisfactory analytical framework.
During the first organizational meetings among the different teams of the network, presentations were given on observables at the aggregate level macroeconomic dynamics; dynamics of microentities; methodology of evolutionary modelling.
With respect to observables at the aggregate level macroeconomic dynamics the main topics discussed were the question of convergence and divergence of technological developments, characterization of national and regional systems of innovation and evolutionary modelling of macrovariations.
The discussions on the dynamics of microentities focussed on technological change and market dynamics, technological dynamics, indicators and measurements of technological change and taxonomy of learning effects.
The possibilities of using standard econometric methods for testing evolutionary models were discussed. Many traditional testing methods can be applied to such models, and especially most recent techniques such as time series analysis. However several difficulties are raised by evolutionary models. Operationalization of evolutionary theories was discussed and pointed the need for a clarification of concepts (such as 'trajectory') for practical purposes and comparability in empirical work was identified.
The international macrodynamics workshop addressed the issues of international trade, growth and technological change, and especially the modelling an econometric aspects of theory in this field.
The 'technology and market dynamics' workshop concentrated on:
new firm startups, technology and macroeconomic fluctuations;
industry level studies;
technological change and market structure (an evolutionary approach);
competence and learning in an adaptive model of the firm;
rapid technology change, organization structure and market structure (some case studies and experiments with a simulation model.
The globalization versus national systems of innovation workshop discussed the hypothesis of globalization in contrast with the idea of divergence of 'national or local systems of innovation' and the final workshop addressed globalization versus national or local systems of innovation.
Funding SchemeCSC - Cost-sharing contracts