Knowledge and growth in the very long run

Arbeitspapier

This paper proposes a theory for the gradual evolution of knowledge diffusion and growth over the very long run. A feedback mechanism between capital accumulation and the ease of knowledge diffusion explains a long epoch of (quasi-) stasis and an epoch of high growth linked by a gradual economic take-off. It is shown how the feedback mechanism can explain the Great Divergence, the failure of less developed countries to attract capital from abroad, and a productivity slowdown in fully developed countries. An extension towards a two-region world economy shows robustness of the gradual take-off and other interesting interaction between forerunners and followers of the Industrial Revolution.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: cege Discussion Papers ; No. 145

Classification and Topics

• Classification: Wirtschaft ; Economic Development: General ; Innovation; Research and Development; Technological Change; Intellectual Property Rights: General ; Economic Growth and Aggregate Productivity: General ; Investment; Capital; Intangible Capital; Capacity
• Subject: industrial revolution ; endogenous growth ; knowledge diffusion ; productivity slowdown ; convergence ; divergence ; Neue Wachstumstheorie ; Wissenstransfer ; Investition ; Industrielle Forschung ; Produktivität ; Wirtschaftswachstum ; Simulation ; Theorie ; Wirtschaftsgeschichte ; Welt

Contributors, Location and Time

• Event: Geistige Schöpfung
• (who): Strulik, Holger
• Event: Veröffentlichung
• (who): University of Göttingen, Center for European, Governance and Economic Development Research (cege)
• (where): Göttingen
• (when): 2012

Further information

• Handle: http://hdl.handle.net/10419/70208
• Last update: 20.09.2024, 8:20 AM CEST