Escaping the trap of ’blocking’ : a kinetic model linking economic development and political competition
Date
2017Author
Dolfin, Marina
Knopoff, Damián Alejandro
Leonida, Leone
Maimone Ansaldo Patti, Dario
ORCID
https://orcid.org/0000-0002-3257-870Xhttps://orcid.org/0000-0002-4477-5639
https://orcid.org/0000-0002-6721-8413
https://orcid.org/0000-0001-5574-2675
Metadata
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In this paper we present a kinetic model with 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 [1]. A special focus is placed on the political replacement effect described in a macroscopic model by Acemoglu and Robinson (AR-model [3], 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. A set of numerical solutions is presented showing the non monotonous relationship between economic liberalization and political competition, which can be considered as an emergent phenomenon of the complex socio-economic interaction dynamic.