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Knowledge and Growth in the Very Long-Run

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  • Strulik, Holger

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.

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Bibliographic Info

Paper provided by Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät in its series Hannover Economic Papers (HEP) with number dp-459.

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Length: 30 pages
Date of creation: Oct 2010
Date of revision:
Handle: RePEc:han:dpaper:dp-459

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Keywords: Industrial Revolution; Endogenous Growth; Knowledge Diffusion; Productivity Slowdown; Convergence; Divergence;

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References

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Citations

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Cited by:
  1. Ines Lindner & Holger Strulik, 2012. "From Tradition to Modernity: Economic Growth in a Small World," Tinbergen Institute Discussion Papers 12-035/1, Tinbergen Institute.
  2. Klaus Prettner, 2011. "Population aging and endogenous economic growth," PGDA Working Papers 7211, Program on the Global Demography of Aging.
  3. Lindner, Ines & Strulik, Holger, 2011. "From Tradition to Modernity: Economic Growth in a Small World," Hannover Economic Papers (HEP) dp-478, Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät.
  4. Strulik, Holger, 2010. "Knowledge and Growth in the Very Long-Run," Hannover Economic Papers (HEP) dp-459, Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät.
  5. Holger Strulik, 2012. "From Worship to Worldly Pleasures: Secularization and Long-Run Economic Growth," Courant Research Centre: Poverty, Equity and Growth - Discussion Papers 116, Courant Research Centre PEG.
  6. Lindner, Ines & Strulik, Holger, 2014. "The great divergence: A network approach," Center for European, Governance and Economic Development Research Discussion Papers 193, University of Goettingen, Department of Economics.
  7. Ines Lindner & and Holger Strulik, 2014. "The Great Divergence: A Network Approach," Tinbergen Institute Discussion Papers 14-033/II, Tinbergen Institute.

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