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Network Effects in a Human Capital Based Economic Growth Model

Author

Listed:
  • Teresa V. Martins
  • Tanya Araújo
  • Maria A. Santos
  • Miguel St Aubyn

Abstract

We 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 agents’ social network, both on an agent’s 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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Suggested Citation

  • Teresa V. Martins & Tanya Araújo & Maria A. Santos & Miguel St Aubyn, 2008. "Network Effects in a Human Capital Based Economic Growth Model," Working Papers Department of Economics 2008/44, ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa.
    • Handle: RePEc:ise:isegwp:wp442008
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    2. Dong, Feng & Li, Yangfan & Li, Kun & Zhu, Jiao & Zheng, Lu, 2022. "Can smart city construction improve urban ecological total factor energy efficiency in China? Fresh evidence from generalized synthetic control method," Energy, Elsevier, vol. 241(C).

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