Detail publikace

Cooperative Behavior and Economic Growth

Autor: PhDr. Jaromír Baxa Ph.D.,
Typ: Články ve sborníku
Rok: 2009
Číslo: 0
ISSN / ISBN: 978-80-213-1963-9
Publikováno v: Mathematical Methods in Economics 2009
Místo vydání: Prague
Klíčová slova: cooperation, iterated prisoner's dilemma, economic growth, institutional change, agent-based modeling
JEL kódy: D70, K42, O12, Z13
Citace: Baxa, Jaromir (2009): Cooperative Behavior and Economic Growth. In: Mathematical Methods in Economics 2009, Cech University of Life Sciences, Prague
Granty: Důvěra a kooperace v ekonomii: možnosti formálních a empirických přístupů 402/07/0890 GA CR (2007-2009): Síťové přístupy v ekonomickém modelování Výzkumný záměr IES (2005-2011) Integrace české ekonomiky do Evropské unie a její rozvoj
Abstrakt: We investigate the importance of cooperative behavior for economic growth in simulated economies.
Along with the other literature, the cooperative behavior and the ability to enforce cooperation are the
key factors for long-term sustainable economic growth in our simulations. Interestingly, the effect of
enforcement and punishment of piracy was not always positive: Introducing such mechanism caused
elimination of the most successful agents without the positive effects on cooperation and productive
economic activity. Hence, the income was lower for low enforcement rate than for the economies
without any mechanism supporting cooperation. Similar effects occurred in the simulations of
institutional change. In case of a discontinuous change, a radical enforcement mechanism was
implemented in one point of time and it caused a sharp fall of wealth. Nevertheless, after some time
the positive effects of cooperation dominated and economic growth emerged.
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