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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 University of Goettingen, Department of Economics in its series Center for European, Governance and Economic Development Research Discussion Papers with number 145.

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Date of creation: 2012
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Handle: RePEc:zbw:cegedp:145

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Postal: Platz der Göttinger Sieben 3, 37073 Göttingen
Web page: http://www.cege.wiso.uni-goettingen.de/
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Keywords: industrial revolution; endogenous growth; knowledge diffusion; productivity slowdown; convergence; divergence;

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Citations

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Cited by:
  1. Lindner, Ines & Strulik, Holger, 2011. "From Tradition to Modernity: Economic Growth in a Small World," Hannover Economic Papers (HEP), Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät dp-478, Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät.
  2. 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.
  3. 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.
  4. Klaus Prettner, 2011. "Population aging and endogenous economic growth," PGDA Working Papers, Program on the Global Demography of Aging 7211, Program on the Global Demography of Aging.
  5. Strulik, Holger, 2010. "Knowledge and Growth in the Very Long-Run," Hannover Economic Papers (HEP), Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät dp-459, Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät.
  6. Ines Lindner & Holger Strulik, 2012. "From Tradition to Modernity: Economic Growth in a Small World," Tinbergen Institute Discussion Papers 12-035/1, Tinbergen Institute.
  7. Ines Lindner & Holger Strulik, 2014. "The Great Divergence: A Network Approach," Tinbergen Institute Discussion Papers 14-033/II, Tinbergen Institute.

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