KNOWLEDGE AND GROWTH IN THE VERY LONG RUN

• 成果类型: Article
• 署名作者: Strulik, Holger
• 署名单位: University of Gottingen
• 刊物名称: INTERNATIONAL ECONOMIC REVIEW
• ISSN/ISSBN: 0020-6598
• DOI: 10.1111/iere.12057
• 发表日期: 2014
• 页码: 459-482
• 关键词: productivity growth; technical change; ECONOMIC-GROWTH; TECHNOLOGY; population; spillovers; stagnation; diffusion; adoption

摘要

This article 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 stasis and an epoch of high growth linked by a gradual economic takeoff. The feedback mechanism can explain the Great Divergence, the failure of less developed countries to attract capital from abroad, and the productivity slowdown. An extension toward a two-region world economy shows robustness of results and other interesting interaction between forerunners and followers of the Industrial Revolution.