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Network effect of knowledge spillover: Scale-free networks stimulate R&D activities and accelerate economic growth

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  • Konno, Tomohiko

Abstract

We study how knowledge spillover networks affect research and development (R&D) activities and economic growth. For this purpose, we extend a Schumpeterian growth model to the one on networks that depict the knowledge spillover relationships of R&D. We show that scale-free networks stimulate R&D activities and accelerate economic growth.

Suggested Citation

  • Konno, Tomohiko, 2016. "Network effect of knowledge spillover: Scale-free networks stimulate R&D activities and accelerate economic growth," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 458(C), pages 157-167.
  • Handle: RePEc:eee:phsmap:v:458:y:2016:i:c:p:157-167
    DOI: 10.1016/j.physa.2016.04.005
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    References listed on IDEAS

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