The mature stage of capitalist development: Models, signs and policy implications

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• 作者：Igor Matutinović^a ; ^b ; ^c ; ^{igor.matutinovic@gfk.com} ; Stanley N. Salthe^d ; ^{ssalthe@binghamton.edu} ; Robert E. Ulanowicz^e ; ^{ulan@umces.edu}
• 关键词：Complex adaptive systems ; Autocatalysis ; Capitalism ; Development stages ; Economic growth
• 刊名：Structural Change and Economic Dynamics
• 出版年：2016
• 出版时间：December 2016
• 年：2016
• 卷：39
• 期：Complete
• 页码：17-30
• 全文大小：1917 K
• 卷排序：39

文摘

We fit capitalist development into four stages of natural dissipative systems. We develop a system model of autocatalytic growth and development. We identify four endogenous and two exogenous negative feedbacks that constrain economic growth and contextualize them in a system model. We identify economic variables that would mark the transition to maturity in a selected group of economies that industrialized first and in OECD. Empirical findings suggest that observed groups of economies may have entered the mature stage of development.