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Linkages, Thresholds, and Development

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  • Kelly, Morgan

Abstract

Growth is rare historically, with short expansions interspersed with long periods of stasis. We examine how well this can be explained by a general class of Schumpeterian growth models that treat development as a progress through a space of commodities, from simple to more complex goods. This process of sequential innovation in a partially ordered network of commodities is called linkage formation. The central result of this article is that Schumpeterian growth models exhibit generic threshold behavior. Below a critical probability of linkage formation, development gradually ceases. Above the critical probability, innovation continues with probability one. Copyright 2001 by Kluwer Academic Publishers

Suggested Citation

  • Kelly, Morgan, 2001. "Linkages, Thresholds, and Development," Journal of Economic Growth, Springer, vol. 6(1), pages 39-53, March.
  • Handle: RePEc:kap:jecgro:v:6:y:2001:i:1:p:39-53
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    1. links for 2010-11-15
      by Jim in Our Word is Our Weapon on 2010-11-16 09:03:25

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    Cited by:

    1. Fulvio Castellacci & Bart Los & Gaaitzen Vries, 2014. "Sectoral productivity trends: convergence islands in oceans of non-convergence," Journal of Evolutionary Economics, Springer, vol. 24(5), pages 983-1007, November.
    2. Fishman, Arthur & Simhon, Avi, 2002. "The Division of Labor, Inequality and Growth," Journal of Economic Growth, Springer, vol. 7(2), pages 117-136, June.
    3. Izdebski, Adam & Koloch, Grzegorz & Słoczyński, Tymon & Tycner, Marta, 2016. "On the use of palynological data in economic history: New methods and an application to agricultural output in Central Europe, 0–2000AD," Explorations in Economic History, Elsevier, vol. 59(C), pages 17-39.
    4. Lagerlof, Nils-Petter, 2003. "Gender Equality and Long-Run Growth," Journal of Economic Growth, Springer, vol. 8(4), pages 403-426, December.
    5. Galor, Oded & Moav, Omer, 2001. "Evolution and growth," European Economic Review, Elsevier, vol. 45(4-6), pages 718-729, May.
    6. repec:dgr:rugggd:gd-118 is not listed on IDEAS
    7. Fulvio Castellacci, 2011. "Theoretical Models of Heterogeneity, Growth and Competitiveness: Insights from the Mainstream and Evolutionary Economics Paradigms," Chapters,in: International Handbook on the Economics of Integration, Volume II, chapter 5 Edward Elgar Publishing.
    8. Kogel, Tomas & Prskawetz, Alexia, 2001. "Agricultural Productivity Growth and Escape from the Malthusian Trap," Journal of Economic Growth, Springer, vol. 6(4), pages 337-357, December.
    9. Zilibotti, Fabrizio & König, Michael & Lorenz, Jan, 2016. "Innovation vs. imitation and the evolution of productivity distributions," Theoretical Economics, Econometric Society, vol. 11(3), September.
    10. Ghiglino, Christian, 2012. "Random walk to innovation: Why productivity follows a power law," Journal of Economic Theory, Elsevier, vol. 147(2), pages 713-737.
    11. McDermott, John, 2002. "Development Dynamics: Economic Integration and the Demographic Transition," Journal of Economic Growth, Springer, vol. 7(4), pages 371-409, December.
    12. Connolly, Michelle & Peretto, Pietro F, 2003. "Industry and the Family: Two Engines of Growth," Journal of Economic Growth, Springer, vol. 8(1), pages 115-148, March.
    13. Vries, Gaaitzen J. de & Los, Bart & Castellacci, Fulvio, 2010. "Sectoral Productivity Trends:Convergence Islands in Oceans of Divergence," GGDC Research Memorandum GD-118, Groningen Growth and Development Centre, University of Groningen.

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