Network effects in a human capital based economic growth model

Teresa Vaz Martins, Tanya Araújo, Maria Augusta Santos and Miguel Aubyn ()

Physica A: Statistical Mechanics and its Applications, 2009, vol. 388, issue 11, 2207-2214

Abstract: We revisit a recently introduced agent model [ACS, 11, 99 (2008)], where economic growth is a consequence of education (human capital formation) and innovation, and investigate the influence of the agents’ social network, both on an agent’s decision to pursue education and on the output of new ideas. Regular and random networks are considered. The results are compared with the predictions of a mean field (representative agent) model.

Keywords: Econophysics; Agent based models; Human capital; Complex networks (search for similar items in EconPapers)
Date: 2009
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Related works:
Working Paper: Network effects in a human capital based economic growth model (2009)
Working Paper: Network Effects in a Human Capital Based Economic Growth Model (2008)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:phsmap:v:388:y:2009:i:11:p:2207-2214

DOI: 10.1016/j.physa.2009.02.006

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