This paper introduces the Small World model (Watts and Strogatz, Nature, 1998) into the theory of economic growth and … perpetual growth is explained by a feedback effect from investment to the formation of long-distance links and the diffusion of …. Structurally, the equilibrium of stagnation differs from balanced growth by the presence of relatively many small firms of low …

We present a multi-country theory of economic growth in which countries are connected by a network of mutual knowledge … exchange. Growth is generated through human capital accumulation and knowledge externalities. The available knowledge in any … industrial revolution. Knowledge diffusion through a Small World network produces an extraordinary diversity of individual growth …

We present a multi-country theory of economic growth and R&D-driven technological progress in which countries are …. Knowledge diffusion through a Small World network produces an extraordinary diversity of country growth performances, including …