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dc.contributor.authorGhiglino, Christianen_US
dc.date.accessioned2012-09-20T13:01:55Z-
dc.date.available2012-09-20T13:01:55Z-
dc.date.issued2005en_US
dc.identifier.urihttp://hdl.handle.net/10419/62913-
dc.description.abstractWe propose a model of economic growth in which technological progress is modelled as an expanding random network of ideas. New ideas are created by combining successful old ideas. Old ideas are chosen according to their visibility as ideas, success as generators of innovations and age but the process is stochastic. The productivity of an innovation on the other hand depends on the number, importance and success of the neighbors to the parent idea. Within this framework, we isolate the conditions on the law governing the growth of the network compatible with balanced growth. The paper can be viewed as an attempt to provide microfoundations to the set of production functions compatible with the stylizeden_US
dc.language.isoengen_US
dc.publisherQueen Mary, Univ. of London, Dep. of Economics Londonen_US
dc.relation.ispartofseriesWorking Paper, Department of Economics, Queen Mary, University of London 546en_US
dc.subject.jelD30en_US
dc.subject.jelD50en_US
dc.subject.jelD90en_US
dc.subject.jelO41en_US
dc.subject.ddc330en_US
dc.subject.keywordEconomic growth, Technological progress, Innovations, Random growing network, Ideas, Scale-free distributionsen_US
dc.titleBalanced growth with a network of ideasen_US
dc.typeWorking Paperen_US
dc.identifier.ppn502060220en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:Working Paper Series, School of Economics and Finance, Queen Mary, University of London

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