Network Effects in a Human Capital Based Economic Growth Model
AbstractWe revisit a recently introduced agent model [ACS, 11, 99 (2008)], where economic growth is a consequence of education (human capital formation) and innovation, and investigate the influence of the agentsâ social network, both on an agentâs decision to pursue education and on the output of new ideas. Regular and random networks are considered. The results are compared with the predictions of a mean field (representative agent) model.
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Bibliographic InfoPaper provided by ISEG - School of Economics and Management, Department of Economics, University of Lisbon in its series Working Papers Department of Economics with number 2008/44.
Date of creation: Sep 2008
Date of revision:
Contact details of provider:
Postal: Department of Economics, ISEG - School of Economics and Management, University of Lisbon, Rua do Quelhas 6, 1200-781 LISBON, PORTUGAL
Web page: https://aquila1.iseg.ulisboa.pt/aquila/departamentos/EC
Other versions of this item:
- Vaz Martins, Teresa & Araújo, Tanya & Augusta Santos, Maria & St Aubyn, Miguel, 2009. "Network effects in a human capital based economic growth model," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 388(11), pages 2207-2214.
- Teresa Vaz Martins & Tanya Araujo & Maria Augusta Santos & Miguel St Aubyn, 2008. "Network effects in a human capital based economic growth model," Papers 0809.3418, arXiv.org, revised Feb 2009.
- NEP-ALL-2008-11-25 (All new papers)
- NEP-EDU-2008-11-25 (Education)
- NEP-HRM-2008-11-25 (Human Capital & Human Resource Management)
- NEP-NET-2008-11-25 (Network Economics)
- NEP-SOC-2008-11-25 (Social Norms & Social Capital)
- NEP-URE-2008-11-25 (Urban & Real Estate Economics)
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- repec:ner:maastr:urn:nbn:nl:ui:27-18133 is not listed on IDEAS
- repec:ner:maastr:urn:nbn:nl:ui:27-18072 is not listed on IDEAS
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