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Epidemics in modern economies
Torsten Heinrich
How are economies in a modern age impacted by epidemics? In what ways is economic life disrupted? How can pandemics be modeled? What can be done to mitigate and manage the danger?…
Growth, development, and structural change at the firm-level: The example of the PR China
Torsten Heinrich, Jangho Yang, Shuanping Dai
Understanding the microeconomic details of technological catch-up processes offers great potential for informing both innovation economics and development policy. We study the econ…
Levels of structural change: An analysis of China's development push 1998-2014
Torsten Heinrich, Jangho Yang, Shuanping Dai
We investigate structural change in the PR China during a period of particularly rapid growth 1998-2014. For this, we utilize sectoral data from the World Input-Output Database and…
Measuring productivity dispersion: a parametric approach using the Lévy alpha-stable distribution
Jangho Yang, Torsten Heinrich, Julian Winkler +3
It is well-known that value added per worker is extremely heterogeneous among firms, but relatively little has been done to characterize this heterogeneity more precisely. Here we…
A simulation of the insurance industry: The problem of risk model homogeneity
Torsten Heinrich, Juan Sabuco, J. Doyne Farmer
We develop an agent-based simulation of the catastrophe insurance and reinsurance industry and use it to study the problem of risk model homogeneity. The model simulates the balanc…