| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 977236 | Physica A: Statistical Mechanics and its Applications | 2009 | 8 Pages |
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.
Related Topics
Physical Sciences and Engineering
Mathematics
Mathematical Physics
Authors
Teresa Vaz Martins, Tanya Araújo, Maria Augusta Santos, Miguel St Aubyn,