Demand and Economic Growth In Networks of Heterogeneous Consumers
|
| theme |
Theme 2: The role of technology in growth and development |
| time frame |
2006-2010 |
| researcher(s) |
Zakaria Babutsidze
Robin Cowan
|
| description |
Current research project aims at creating the credible model of economic growth and fluctuations from bottom up: starting from social behavior of heterogeneous agents resulting in their consumption decisions in multi-product environment and further to fluctuations in aggregate demand. By utilizing different modern multidisciplinary technical tools for solving the analytical part of the model, plus numerical simulation techniques as a major tool, the project will explore the foundations of the demand-driven economic growth in environments with imperfect information, where consumers learn about the properties of new goods by information diffusion through their social networks. |
| deliverables |
Scientific articles, PhD thesis |
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