Network effect of knowledge spillover: Scale-free networks stimulate R&D activities and accelerate economic growth

Tomohiko Konno

Physica A: Statistical Mechanics and its Applications, 2016, vol. 458, issue C, 157-167

Abstract: We study how knowledge spillover networks affect research and development (R&D) activities and economic growth. For this purpose, we extend a Schumpeterian growth model to the one on networks that depict the knowledge spillover relationships of R&D. We show that scale-free networks stimulate R&D activities and accelerate economic growth.

Keywords: Scale-free networks; Network heterogeneity; Knowledge spillover process; Complex networks; Economic growth; Research and development (R&D) (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:phsmap:v:458:y:2016:i:c:p:157-167

DOI: 10.1016/j.physa.2016.04.005

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