Innovation and inequality in a small world
Ines Lindner and
Holger Strulik ()
No 313, Center for European, Governance and Economic Development Research Discussion Papers from University of Goettingen, Department of Economics
We present a multi-country theory of economic growth and R&Ddriven technological progress in which countries are connected by a network of knowledge exchange. Technological progress in any country depends on the state of technology in 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 produces an extraordinary diversity of country growth performances, including the overtaking of individual countries and the replacement of the technologically leading country in the course of world development.
Keywords: networks; knowledge diffusion; economic growth; world income distribution (search for similar items in EconPapers)
JEL-codes: O10 O40 D85 F43 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-evo, nep-gro and nep-ino
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Working Paper: Innovation and Inequality in a Small World (2017)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:cegedp:313
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