Network effects in a human capital based economic growth model

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.

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Year of publication:	2009
Authors:	Vaz Martins, Teresa ; Araújo, Tanya ; Augusta Santos, Maria ; St Aubyn, Miguel
Published in:	Physica A: Statistical Mechanics and its Applications. - Elsevier, ISSN 0378-4371. - Vol. 388.2009, 11, p. 2207-2214
Publisher:	Elsevier
Subject:	Econophysics \| Agent based models \| Human capital \| Complex networks

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011059872