skip to content

Faculty of Economics

Journal Cover

Cavalcanti, T.V.D., Giannitsarou, C. and Johnson, C.R.

Network cohesion

Economic Theory

Vol. 64(1) pp. 1-21 (2017)

Abstract: 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.

Keywords: Network theory, Ednogenous growth models, Convergence, Consensus

JEL Codes: D85, O40, D62

Author links: Tiago Cavalcanti  Chryssi Giannitsarou  

Publisher's Link: https://link.springer.com/article/10.1007/s00199-016-0992-1

Open Access Full Text: https://www.repository.cam.ac.uk/handle/1810/265656



Papers and Publications



Recent Publications


Faraglia, E., Marcet, A., Oikonomou, R. and Scott, A. Government Debt management: the Short and the Long of it Review of Economic Studies, accepted [2018]

Gagnon, J. and Goyal, S. Networks, markets and inequality American Economic Review [2017]

Elliott, M. and Golub, B. A network approach to public goods accepted, Journal of Political Economy [2018]