Modeling insurgent-incumbent dynamics : vector autoregressions, multivariate Markov chains, and the nature of technological competition

Detalhes bibliográficos
Autor(a) principal: Damásio, Bruno
Data de Publicação: 2018
Outros Autores: Mendonça, Sandro
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10400.5/16025
Resumo: 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.
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spelling Modeling insurgent-incumbent dynamics : vector autoregressions, multivariate Markov chains, and the nature of technological competitioneconomic historytechnological competitionsailing shipssteamshipsvector autoregressionmultivariate Markov chainsThe 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.ISEG - REM - Research in Economics and MathematicsRepositório da Universidade de LisboaDamásio, BrunoMendonça, Sandro2018-10-01T12:45:29Z2018-072018-07-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10400.5/16025engDamásio, Bruno e Sandro Mendonça (2018). "Modeling insurgent-incumbent dynamics : vector autoregressions, multivariate Markov chains, and the nature of technological competition". Instituto Superior de Economia e Gestão – REM Working paper nº 044 - 20182184-108Xinfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-03-06T14:45:54Zoai:www.repository.utl.pt:10400.5/16025Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T17:01:32.034877Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Modeling insurgent-incumbent dynamics : vector autoregressions, multivariate Markov chains, and the nature of technological competition
title Modeling insurgent-incumbent dynamics : vector autoregressions, multivariate Markov chains, and the nature of technological competition
spellingShingle Modeling insurgent-incumbent dynamics : vector autoregressions, multivariate Markov chains, and the nature of technological competition
Damásio, Bruno
economic history
technological competition
sailing ships
steamships
vector autoregression
multivariate Markov chains
title_short Modeling insurgent-incumbent dynamics : vector autoregressions, multivariate Markov chains, and the nature of technological competition
title_full Modeling insurgent-incumbent dynamics : vector autoregressions, multivariate Markov chains, and the nature of technological competition
title_fullStr Modeling insurgent-incumbent dynamics : vector autoregressions, multivariate Markov chains, and the nature of technological competition
title_full_unstemmed Modeling insurgent-incumbent dynamics : vector autoregressions, multivariate Markov chains, and the nature of technological competition
title_sort Modeling insurgent-incumbent dynamics : vector autoregressions, multivariate Markov chains, and the nature of technological competition
author Damásio, Bruno
author_facet Damásio, Bruno
Mendonça, Sandro
author_role author
author2 Mendonça, Sandro
author2_role author
dc.contributor.none.fl_str_mv Repositório da Universidade de Lisboa
dc.contributor.author.fl_str_mv Damásio, Bruno
Mendonça, Sandro
dc.subject.por.fl_str_mv economic history
technological competition
sailing ships
steamships
vector autoregression
multivariate Markov chains
topic economic history
technological competition
sailing ships
steamships
vector autoregression
multivariate Markov chains
description 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.
publishDate 2018
dc.date.none.fl_str_mv 2018-10-01T12:45:29Z
2018-07
2018-07-01T00:00:00Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10400.5/16025
url http://hdl.handle.net/10400.5/16025
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv Damásio, Bruno e Sandro Mendonça (2018). "Modeling insurgent-incumbent dynamics : vector autoregressions, multivariate Markov chains, and the nature of technological competition". Instituto Superior de Economia e Gestão – REM Working paper nº 044 - 2018
2184-108X
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv ISEG - REM - Research in Economics and Mathematics
publisher.none.fl_str_mv ISEG - REM - Research in Economics and Mathematics
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
institution RCAAP
reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
repository.mail.fl_str_mv
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