Innovation and Inequality in a Small World

Research output: Contribution to JournalArticleAcademicpeer-review

Abstract

We present a multi-country theory of economic growth and R&D driven technological progress in which countries are connected by a network of knowledge exchange. Technological progress in any country depends on the state of technology in the countries it exchanges knowledge with. The diffusion of knowledge throughout the world explains a period of increasing world inequality after the take-off of the forerunners of the industrial revolution, followed by decreasing relative inequality. Knowledge diffusion through a Small World network produces an extraordinary diversity of country growth performances, including the overtaking of individual countries and the replacement of the technologically leading country in the course of world development.
Original languageEnglish
JournalInternational Economic Review
DOIs
Publication statusAccepted/In press - 2020

Fingerprint

Small world
Innovation
Technological progress
Knowledge exchange
Economic growth
Knowledge diffusion
Replacement
Small-world network
Industrial revolution

Keywords

  • networks, knowledge diusion, economic growth, world income distribution

Cite this

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title = "Innovation and Inequality in a Small World",
abstract = "We present a multi-country theory of economic growth and R&D driven technological progress in which countries are connected by a network of knowledge exchange. Technological progress in any country depends on the state of technology in the countries it exchanges knowledge with. The diffusion of knowledge throughout the world explains a period of increasing world inequality after the take-off of the forerunners of the industrial revolution, followed by decreasing relative inequality. Knowledge diffusion through a Small World network produces an extraordinary diversity of country growth performances, including the overtaking of individual countries and the replacement of the technologically leading country in the course of world development.",
keywords = "networks, knowledge diusion, economic growth, world income distribution",
author = "Ines Lindner",
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language = "English",
journal = "International Economic Review",
issn = "0020-6598",
publisher = "Wiley-Blackwell",

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Innovation and Inequality in a Small World. / Lindner, Ines.

In: International Economic Review, 2020.

Research output: Contribution to JournalArticleAcademicpeer-review

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