EconPapers    
Economics at your fingertips  
 

Knowledge and growth in the very long run

Holger Strulik ()

No 145, Center for European, Governance and Economic Development Research Discussion Papers 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: O10 O30 O40 E22 (search for similar items in EconPapers)
Date: 2012
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
https://www.econstor.eu/bitstream/10419/70208/1/730388077.pdf (application/pdf)

Related works:
Journal Article: KNOWLEDGE AND GROWTH IN THE VERY LONG RUN (2014) Downloads
Working Paper: Knowledge and Growth in the Very Long-Run (2010) Downloads
Working Paper: Knowledge and Growth in the Very Long-Run (2009) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:zbw:cegedp:145

Access Statistics for this paper

More papers in Center for European, Governance and Economic Development Research Discussion Papers from University of Goettingen, Department of Economics Contact information at EDIRC.
Bibliographic data for series maintained by ZBW - Leibniz Information Centre for Economics ().

 
Page updated 2019-06-13
Handle: RePEc:zbw:cegedp:145