Knowledge and growth in the very long run

Holger Strulik

No 145, University of Göttingen Working Papers in Economics from University of Goettingen, Department of Economics

Abstract: 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.

Keywords: industrial revolution; endogenous growth; knowledge diffusion; productivity slowdown; convergence; divergence (search for similar items in EconPapers)
JEL-codes: E22 O10 O30 O40 (search for similar items in EconPapers)
Date: 2012
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Related works:
Journal Article: KNOWLEDGE AND GROWTH IN THE VERY LONG RUN (2014)
Working Paper: Knowledge and Growth in the Very Long-Run (2010)
Working Paper: Knowledge and Growth in the Very Long-Run (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:cegedp:145

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