Journal
PHYSICA A-STATISTICAL MECHANICS AND ITS APPLICATIONS
Volume 388, Issue 11, Pages 2207-2214Publisher
ELSEVIER
DOI: 10.1016/j.physa.2009.02.006
Keywords
Econophysics; Agent based models; Human capital; Complex networks
Categories
Funding
- FCT (Portugal) [PDCT/EGE/60193/2004, SFRH/BD/23709/2005]
- UECE
- Centro de Fisica do Porto
- FCT (Fundacao para a Ciencia e a Tecnologia, Portugal)
- ERDF
- Portuguese funds
- Fundação para a Ciência e a Tecnologia [SFRH/BD/23709/2005, PDCT/EGE/60193/2004] Funding Source: FCT
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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 oil an agent's decision to pursue education and oil 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. (C) 2009 Elsevier B.V. All rights reserved.
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