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We present a multi-country theory of economic growth in which countries are connected by a network of mutual knowledge … industrial revolution, followed by decreasing relative inequality. Knowledge diffusion through a Small World network explains the …
Persistent link: https://www.econbiz.de/10011397182
We present a multi-country theory of economic growth in which countries are connected by a network of mutual knowledge … industrial revolution. Knowledge diffusion through a Small World network produces an extraordinary diversity of individual growth …
Persistent link: https://www.econbiz.de/10010253459
We present a multi-country theory of economic growth in which countries are connected by a network of mutual knowledge … industrial revolution. Knowledge diffusion through a Small World network produces an extraordinary diversity of individual growth …
Persistent link: https://www.econbiz.de/10010255056
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The objective of this paper is to explore the transmission of non-bank capital shocks through banking networks. We develop a methodology to construct non-bank capital shocks, idiosyncratic shocks, using labor productivity shocks to large firms. We document a change in the relationship between...
Persistent link: https://www.econbiz.de/10012839265
identifying network effects on economic outcomes is first discussed, followed by solutions to this problem that have been put …
Persistent link: https://www.econbiz.de/10014025504