Arbeitspapier
Knowledge and growth in the very long run
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.
- Sprache
-
Englisch
- Erschienen in
-
Series: cege Discussion Papers ; No. 145
- Klassifikation
-
Wirtschaft
Economic Development: General
Innovation; Research and Development; Technological Change; Intellectual Property Rights: General
Economic Growth and Aggregate Productivity: General
Investment; Capital; Intangible Capital; Capacity
- Thema
-
industrial revolution
endogenous growth
knowledge diffusion
productivity slowdown
convergence
divergence
Neue Wachstumstheorie
Wissenstransfer
Investition
Industrielle Forschung
Produktivität
Wirtschaftswachstum
Simulation
Theorie
Wirtschaftsgeschichte
Welt
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Strulik, Holger
- Ereignis
-
Veröffentlichung
- (wer)
-
University of Göttingen, Center for European, Governance and Economic Development Research (cege)
- (wo)
-
Göttingen
- (wann)
-
2012
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Strulik, Holger
- University of Göttingen, Center for European, Governance and Economic Development Research (cege)
Entstanden
- 2012