Lecture 8- Diffusion modelling approach pt2

Question 1

What are the key aspects of Agent based modelling?

Answer 1

• Agent based modelling (ABM) is supposed to overcome the limitations of mathematical models.
• It’s a recent trend based upon the bottom-up approach with the ability model emergent phenomena. This means, for example, the consideration of innovation on social-economic systems.
• ABM is based on an Atomic Model Element, which means that the focus is set on the individual consumer (the agent) and not the overall system.
• These features have led to a better understanding of macro-level dynamics of social systems, which aggregates individual behaviour.

Question 2

What are the technological spill overs within spatial difussion modelling and their connotations?

Answer 2

• Spill overs may occur through different channels:

• International exchange and foreign indirect investment.
• Knowledge and people.
• International cooperation (R&D).