Diversity of Idea Flows and Economic Growth
Name
Diversity of Idea Flows and Economic Growth.pdf
Size
1.36 MB
Format
Adobe PDF
Checksum (MD5)
4229c2206473e5fbfe9f12224ade119f
Author(s)
Pentland, Alex
Date Issued
September 2020
Publisher
Journal of Social Computing
Citation
Pentland, A. (2020). Diversity of Idea Flows and Economic Growth. Journal of Social Computing, 1(1), 71-81.
Abstract
What role does access to diverse ideas play in economic growth? New forms of geo-located communications and economic data allow measurement of human interaction patterns and prediction of economic outcomes for individuals, communities, and nations at a fine granularity, with the strongest predictors of income, productivity, and growth being measures of diversity and frequency of physical interaction between communities (clusters of interaction). This finding provides both new investment opportunities and new methods of risk assessment. Access and use of these data raise privacy and security risks, and the final section of the paper describes how these challenges can be controlled.
MIT Department
MIT Connection Science (Research institute)
Terms of Use
Attribution-NonCommercial-ShareAlike 3.0 United States
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