|
|||||
|
|
Network effects in a human capital based economic growth model |
|
| Authors: | Teresa Vaz Martins,Tanya Araú jo,Miguel St Aubyn |
| Affiliation: | a Departamento de Física/Centro de Física do Porto, Faculdade de Ciências, Universidade do Porto, Rua do Campo Alegre 687, 4169-007 Porto, Portugal b ISEG/TULisbon - Technical University of Lisbon, Department of Economics, UECE - Research Unit on Complexity and Economics, R. Miguel Lupi 20, 1249-078 Lisboa, Portugal c IFISC (Instituto de Física Interdisciplinary Sistemas Complejos), CSIC-UIB, Ed. Mateu Orfila, Campus UIB, E-07122 Palma de Mallorca, Spain |
| 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. |
| Keywords: | 89.75-k 89.65.Gh 89.75.Hc 87.23.Ge |
| 本文献已被 ScienceDirect 等数据库收录！ | |