The Great Divergence: A Network Approach

No 59, 2015 Meeting Papers from Society for Economic Dynamics

Abstract: 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.

Date: 2015
New Economics Papers: this item is included in nep-cse, nep-evo, nep-gro, nep-his, nep-hpe and nep-net
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Citations: View citations in EconPapers (2)

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Related works:
Working Paper: The Great Divergence: A Network Approach (2015)
Working Paper: The Great Divergence: A Network Approach (2014)
Working Paper: The great divergence: A network approach (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:red:sed015:59

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