Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/70208
Authors: 
Strulik, Holger
Year of Publication: 
2012
Series/Report no.: 
Discussion Papers, Center for European Governance and Economic Development Research 145
Abstract: 
This paper 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 (quasi-) stasis and an epoch of high growth linked by a gradual economic take-off. It is shown how the feedback mechanism can explain the Great Divergence, the failure of less developed countries to attract capital from abroad, and a productivity slowdown in fully developed countries. An extension towards a two-region world economy shows robustness of the gradual take-off and other interesting interaction between forerunners and followers of the Industrial Revolution.
Subjects: 
industrial revolution
endogenous growth
knowledge diffusion
productivity slowdown
convergence
divergence
JEL: 
O10
O30
O40
E22
Document Type: 
Working Paper

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