Giovanni Dosi, Andrea Roventini and Emanuele Russo

Author Archive | Giovanni Dosi, Andrea Roventini and Emanuele Russo


Public policies and the art of catching up: matching the historical evidence with a multi-country agent-based model

In this paper, we study the effects of industrial policies on international convergence using a multi-country agent-based model which builds upon Dosi et al. (2019b). The model features a group of microfounded economies, with evolving industries, populated by heterogeneous firms that compete in international markets. In each country, technological change is driven by firms’ activities […]

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Whither the evolution of the contemporary social fabric? New technologies, old socio-economic trends and the crucial role of policies

The first GROWINPRO policy report builds on a broad diagnostic of the current major trends in international growth, employment, income distribution in their interactions with the patterns of technological change that we could term ‘intelligent automation’.   Whither the evolution of the contemporary social fabric? New technologies, old socio-economic trends and the crucial role of […]

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From particles to firms: a kinetic model of climbing up evolutionary landscapes

This paper represents the first attempt to bridge the evolutionary theory in economics and the theory of active particles in mathematics. It seeks to present a kinetic model for an evolutionary formalization of socio-economic systems. The derived new mathematical formulation intends to formalize the processes of learning and selection as the two fundamental drivers of […]

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The Impact of Deunionization on the Growth and Dispersion of Productivity and Pay

This paper presents an Agent-Based Model (ABM) that seeks to explain the concordance of sluggish growth of productivity and of real wages found in macro-economic statistics, and the increased dispersion of firm productivity and worker earnings found in micro level statistics in advanced economies at the turn of the 21st century. It shows that a […]

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Aggregate Productivity Growth in the Presence of (Persistently) Heterogeneous Firms

In this article we propose a new methodology for computing the aggregate productivity of an industry, its variations and decompositions of the latter into changes of individual productivities (within effect) and changes in industry composition (between effect). Current aggregate measures rely on some weighted average of individual productivities, and decompositions distinguish between the effect of […]

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Embodied and disembodied technological change: the sectoral patterns of job-creation and job-destruction

This paper addresses, both theoretically and empirically, the sectoral patterns of job creation and job destruction in order to distinguish the alternative effects of embodied vs disembodied technological change operating into a vertically connected economy. Disembodied technological change turns out to positively affect employment dynamics in the “upstream’’ sectors, while expansionary investment does so in […]

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The Wage-Productivity Nexus in the World Factory Economy

The Wage-Productivity Nexus in the World Factory Economy

This paper highlights new findings on the wage-productivity nexus in theWorld Factory Economy. After presenting the long-run macro-elasticity characterizing the phase of Chinese economic development since the eighties, we look at the wage-productivity nexus from a micro level perspective using a detailed firm-level dataset covering the period of ownership restructuring (1998-2007). A few results are […]

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Whither the evolution of the contemporary social fabric? New technologies and old socio-economic trends

The reflections which follow build on two interrelated questions, namely, first, whether we are witnessing another “industrial revolution”, and second, what is the impact of technological transformations upon the current dynamics of the socio-economic fabric, especially with respect to employment, income distribution, working conditions and labour relations. We argue that the processes of innovation and […]

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