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Using a particularly tractable approach, we are able to analyze how drastically different economic growth scenarios emerge from different imitation strategies. These emerging scenarios range from diffusive growth where the variance of productivity grows indefinitely, to balanced growth described by a traveling wave with fixed variance. The latter scenario is sustained only when imitation strength among firms exceeds a critical bifurcation threshold. <\/jats:p>","DOI":"10.1142\/s0219525919500115","type":"journal-article","created":{"date-parts":[[2019,10,21]],"date-time":"2019-10-21T03:59:31Z","timestamp":1571630371000},"page":"1950011","source":"Crossref","is-referenced-by-count":9,"title":["IMITATION, PROXIMITY, AND GROWTH \u2014 A COLLECTIVE SWARM DYNAMICS APPROACH"],"prefix":"10.1142","volume":"22","author":[{"ORCID":"https:\/\/orcid.org\/0000-0001-7808-3668","authenticated-orcid":false,"given":"OLIVIER","family":"GALLAY","sequence":"first","affiliation":[{"name":"Faculty of Business and Economics (HEC Lausanne), University of Lausanne, Department of Operations, Quartier UNIL-Chamberonne, CH-1015 Lausanne, Switzerland"}],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"FARIBA","family":"HASHEMI","sequence":"additional","affiliation":[{"name":"Chair of Entrepreneurial Risks, ETH Zurich (ETHZ), Department of Management, Technology, and Economics, Scheuchzerstrasse 7, CH-8092 Zurich, Switzerland"},{"name":"Unit for Bioentrepreneurship, Karolinska Institute, Department of LIME, 171 77 Stockholm, Sweden"}],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"MAX-OLIVIER","family":"HONGLER","sequence":"additional","affiliation":[{"name":"Microengineering Institute EPFL, School of Engineering (STI), Station 17, CH-1015 Lausanne, Switzerland"}],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"219","published-online":{"date-parts":[[2019,12,22]]},"reference":[{"key":"S0219525919500115BIB001","doi-asserted-by":"publisher","DOI":"10.1103\/RevModPhys.77.137"},{"key":"S0219525919500115BIB002","doi-asserted-by":"publisher","DOI":"10.1098\/rsta.2013.0397"},{"key":"S0219525919500115BIB003","doi-asserted-by":"publisher","DOI":"10.2307\/2951599"},{"key":"S0219525919500115BIB004","volume-title":"The Economics of Growth","author":"Aghion P.","year":"2009"},{"key":"S0219525919500115BIB005","doi-asserted-by":"publisher","DOI":"10.1017\/S0308210500003504"},{"key":"S0219525919500115BIB006","doi-asserted-by":"publisher","DOI":"10.1007\/s10887-013-9095-z"},{"key":"S0219525919500115BIB007","author":"Benhabib J.","year":"2017","journal-title":"Econometrica"},{"key":"S0219525919500115BIB008","doi-asserted-by":"publisher","DOI":"10.1137\/120904184"},{"key":"S0219525919500115BIB009","volume-title":"Probabilistic Theory of Mean Field Games with Applications","author":"Carmona R.","year":"2018"},{"key":"S0219525919500115BIB010","doi-asserted-by":"publisher","DOI":"10.1109\/TAC.2007.895842"},{"key":"S0219525919500115BIB011","volume-title":"The Living Company: Habits for Survival in a Turbulent Business Environment","author":"de Geus A.","year":"2002"},{"key":"S0219525919500115BIB012","doi-asserted-by":"publisher","DOI":"10.1007\/b138648"},{"key":"S0219525919500115BIB013","doi-asserted-by":"publisher","DOI":"10.1515\/9781400830176"},{"key":"S0219525919500115BIB014","volume-title":"Economic Models and Mean-Field Games","author":"Gomes D. 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