Skip navigation
User training | Reference and search service

Library catalog

Content aggregators
Please use this identifier to cite or link to this item:

Title: Modeling insurgent-incumbent dynamics: vector autoregressions, multivariate Markov chains, and the nature of technological competition
Authors: Damásio, B.
Mendonça, S.
Keywords: Economic history
Technological competition
Sailing ships
Vector autoregression
Multivariate Markov chains
Issue Date: 2018
Abstract: The struggle between sail and steam is a long-standing theme in economic history. But this technological competition story has only partly tackled, since most studies have appreciated the rivalry between the two alternative modes of commercial sea carriage in the late 19th century while the early period has remained relatively under-analysed. This paper models the early dynamics between the two capital goods using a vector autoregression approach (VAR) and a Multivariate Markov Chain approach (MMC). We find evidence that the relationship was nonlinear, with a strong indication of complementarities and cross-technology learning effects.
Peer reviewed: no
Appears in Collections:BRU-WP - Working papers

Files in This Item:
File Description SizeFormat 
REM_WP_044_2018.pdfVersão Editora542.45 kBAdobe PDFView/Open

FacebookTwitterDeliciousLinkedInDiggGoogle BookmarksMySpace
Formato BibTex MendeleyEndnote Currículo DeGóis 

Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.