Leader-follower dynamics in real historical time

Detalhes bibliográficos
Autor(a) principal: Damásio, Bruno
Data de Publicação: 2023
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/10362/143764
Resumo: Damásio, B., & Mendonça, S. (2022). Leader-follower dynamics in real historical time: a Markovian test of non-linear causality between sail and steam (co-)development. Applied Economics, 1-11. https://doi.org/10.1080/00036846.2022.2100868 ------ Bruno Damásio acknowledges the financial support provided by Fundação para a Ciência e a Tecnologia, Portugal (FCT) under the project UIDB/04152/2020 - Centro de Investigação em Gestão de Informação (MagIC). Sandro Mendonça acknowledges support by FCT, Portugal, by the Business Research Unit (BRU-IUL) and by UECE-REM (Research Unit on Complexity and Economics). BRU-IUL also benefited from grants UID/GES/00315/2013, UIDB/00315/2020; UIDB/05069/2020; PTDC/EGE-ECO/30690/2017 and is part of the project PTDC/EGE-ECO/30690/2017. Sandro Mendonça concluded the paper, while he was Visiting Professor at the Dept. of Economics of the University of Insumbria, Italy, and he thanks the institution for the research context and support. No source of support or funding source played any role in the design, analysis, interpretation, or writing of the article, or in the decision to submit it to publication.
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spelling Leader-follower dynamics in real historical timea Markovian test of non-linear causality between sail and steam (co-)developmentEconomic historyTechnological competitionSailing shipsSteamshipsVector autoregressionMultivariate Markov chainsEconomics and EconometricsSDG 7 - Affordable and Clean EnergySDG 8 - Decent Work and Economic GrowthSDG 9 - Industry, Innovation, and InfrastructureDamásio, B., & Mendonça, S. (2022). Leader-follower dynamics in real historical time: a Markovian test of non-linear causality between sail and steam (co-)development. Applied Economics, 1-11. https://doi.org/10.1080/00036846.2022.2100868 ------ Bruno Damásio acknowledges the financial support provided by Fundação para a Ciência e a Tecnologia, Portugal (FCT) under the project UIDB/04152/2020 - Centro de Investigação em Gestão de Informação (MagIC). Sandro Mendonça acknowledges support by FCT, Portugal, by the Business Research Unit (BRU-IUL) and by UECE-REM (Research Unit on Complexity and Economics). BRU-IUL also benefited from grants UID/GES/00315/2013, UIDB/00315/2020; UIDB/05069/2020; PTDC/EGE-ECO/30690/2017 and is part of the project PTDC/EGE-ECO/30690/2017. Sandro Mendonça concluded the paper, while he was Visiting Professor at the Dept. of Economics of the University of Insumbria, Italy, and he thanks the institution for the research context and support. No source of support or funding source played any role in the design, analysis, interpretation, or writing of the article, or in the decision to submit it to publication.The most dramatic changes in modern shipping occurred with the application of new industrial-age technologies to oceanic transportation. In metal-hulled and engine-powered trading platforms, industrial-age steamers (especially tramps and liners) lead to marked increases in the average tonnage of a typical vessel crossing the seas of an expanding global economy. Some of the most important developments had to do with the substitution of traditional wind-driven ships by successive cohorts of vessels exploiting the comparative advantages of mechanization. In this paper, we deploy a set of both established and less-orthodox quantitative approaches to historical commercial shipping time-series so as to model the (complex) relationship between steam and sail performance. We find that, indeed, there is evidence of leader-follower dynamics during the later part of 19th century. This process of ‘creative destruction’ was non-linear.Information Management Research Center (MagIC) - NOVA Information Management SchoolNOVA Information Management School (NOVA IMS)RUNDamásio, BrunoMendonça, Sandro2023-09-12T00:31:34Z2023-04-092023-04-09T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/article11application/pdfhttp://hdl.handle.net/10362/143764eng0003-6846PURE: 46561065https://doi.org/10.1080/00036846.2022.2100868info: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:RCAAP2024-03-11T05:22:29Zoai:run.unl.pt:10362/143764Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:51:07.935132Repositório 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 Leader-follower dynamics in real historical time
a Markovian test of non-linear causality between sail and steam (co-)development
title Leader-follower dynamics in real historical time
spellingShingle Leader-follower dynamics in real historical time
Damásio, Bruno
Economic history
Technological competition
Sailing ships
Steamships
Vector autoregression
Multivariate Markov chains
Economics and Econometrics
SDG 7 - Affordable and Clean Energy
SDG 8 - Decent Work and Economic Growth
SDG 9 - Industry, Innovation, and Infrastructure
title_short Leader-follower dynamics in real historical time
title_full Leader-follower dynamics in real historical time
title_fullStr Leader-follower dynamics in real historical time
title_full_unstemmed Leader-follower dynamics in real historical time
title_sort Leader-follower dynamics in real historical time
author Damásio, Bruno
author_facet Damásio, Bruno
Mendonça, Sandro
author_role author
author2 Mendonça, Sandro
author2_role author
dc.contributor.none.fl_str_mv Information Management Research Center (MagIC) - NOVA Information Management School
NOVA Information Management School (NOVA IMS)
RUN
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
Economics and Econometrics
SDG 7 - Affordable and Clean Energy
SDG 8 - Decent Work and Economic Growth
SDG 9 - Industry, Innovation, and Infrastructure
topic Economic history
Technological competition
Sailing ships
Steamships
Vector autoregression
Multivariate Markov chains
Economics and Econometrics
SDG 7 - Affordable and Clean Energy
SDG 8 - Decent Work and Economic Growth
SDG 9 - Industry, Innovation, and Infrastructure
description Damásio, B., & Mendonça, S. (2022). Leader-follower dynamics in real historical time: a Markovian test of non-linear causality between sail and steam (co-)development. Applied Economics, 1-11. https://doi.org/10.1080/00036846.2022.2100868 ------ Bruno Damásio acknowledges the financial support provided by Fundação para a Ciência e a Tecnologia, Portugal (FCT) under the project UIDB/04152/2020 - Centro de Investigação em Gestão de Informação (MagIC). Sandro Mendonça acknowledges support by FCT, Portugal, by the Business Research Unit (BRU-IUL) and by UECE-REM (Research Unit on Complexity and Economics). BRU-IUL also benefited from grants UID/GES/00315/2013, UIDB/00315/2020; UIDB/05069/2020; PTDC/EGE-ECO/30690/2017 and is part of the project PTDC/EGE-ECO/30690/2017. Sandro Mendonça concluded the paper, while he was Visiting Professor at the Dept. of Economics of the University of Insumbria, Italy, and he thanks the institution for the research context and support. No source of support or funding source played any role in the design, analysis, interpretation, or writing of the article, or in the decision to submit it to publication.
publishDate 2023
dc.date.none.fl_str_mv 2023-09-12T00:31:34Z
2023-04-09
2023-04-09T00:00:00Z
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dc.identifier.uri.fl_str_mv http://hdl.handle.net/10362/143764
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PURE: 46561065
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