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Cavalcanti, T., Giannitsarou, C., & Johnson, C. (2017). Network cohesion. Economic Theory, 64 (1), 1-21. https://doi.org/10.1007/s00199-016-0992-1
We define a measure of network cohesion and show how it arises naturally in a broad class of dynamic models of endogenous perpetual growth with network externalities. Via a standard growth model, we show why network cohesion is crucial for conditional convergence and explain that as cohesion increases, convergence is faster. We prove properties of network cohesion and define a network aggregator that preserves network cohesion.
Network theory, Endogenous growth models, Convergence Consensus
External DOI: https://doi.org/10.1007/s00199-016-0992-1
This record's URL: https://www.repository.cam.ac.uk/handle/1810/265656
Attribution 4.0 International
Licence URL: http://creativecommons.org/licenses/by/4.0/