Paper by Ines Lindner in the International Economic Review
The paper ‘Innovation and Inequality in a Small World' by Ines Lindner (Vrije Universiteit Amsterdam) and co-author Holger Strulik has been published in the International Economic Review (May 2020).
Abstract
We present a multicountry 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, 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.
Article Citation:
Ines Lindner and Holger Strulik, “Innovation and Inequality in a Small World”, International Economic Review. Volume 61, Issue 2 (May 2020), 683-719. doi.org/10.1111/iere.12437