publication . Article . Other literature type . 2016

Network cohesion

Cavalcanti, Tiao; Giannitsarou, Chryssi; Johnson, CR;
Open Access
  • Published: 11 Jul 2016 Journal: Economic Theory, volume 64, pages 1-21 (issn: 0938-2259, eissn: 1432-0479, Copyright policy)
  • Publisher: Springer Science and Business Media LLC
  • Country: United Kingdom
This is the final version of the article. It first appeared from Springer via 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.
free text keywords: Network theory, Endogenous growth models, Convergence Consensus, Economics and Econometrics, convergence, consensus
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