Arbeitspapier
The Great Divergence: A Network Approach
We present a multi-country theory of economic growth in which countries are connected by a network of mutual knowledge exchange. Knowledge in any country depends on the human capital of the countries it exchanges knowledge with. The diffusion of knowledge throughout the world explains a period of increasing world inequality after the take-off of the forerunners of the industrial revolution, followed by decreasing relative inequality. Knowledge diffusion through a Small World network explains the ‘New Kaldor facts’ and produces an extraordinary diversity of country growth performances, including the overtaking of individual countries in the course of world development.
- Sprache
-
Englisch
- Erschienen in
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Series: CESifo Working Paper ; No. 5638
Economic Development: General
Economic Growth and Aggregate Productivity: General
Externalities
Network Formation and Analysis: Theory
Open Economy Macroeconomics
knowledge diffusion
economic growth
world income distribution
Strulik, Holger
- Handle
- Letzte Aktualisierung
-
12.07.2024, 13:21 MESZ
Objekttyp
- Arbeitspapier
Beteiligte
- Lindner, Ines
- Strulik, Holger
- Center for Economic Studies and ifo Institute (CESifo)
Entstanden
- 2015