Growth and Human Capital: A Network Approach
通过将网络嵌入代际交叠内生增长模型，研究人力资本、增长与不平等的相互作用，发现网络凝聚力高则长期平等，低则不平等持续；过渡期高增长需网络高度中心化。
We study the interactions of human capital, growth and inequality by embedding networks into an endogenous growth model with overlapping generations. Human capital depends on investment in education and the average human capital of a household’s neighbourhood. High network cohesion leads to long‐run equality, while for low network cohesion inequality is high and persists more often. During transition, high overall growth is achieved when the network has high degree centralisation, and high individual growth is achieved when the household has low human capital relative to its neighbourhood and is located in a neighbourhood with high average human capital.