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Innovation, growth and economic development: have the conditions for catch-up changed?

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Author Info

  • Jan Fagerberg
  • Bart Verspagen

Abstract

This paper shows that there have been important changes in how the global economic system works. A high growth regime has gradually been substituted by one of low growth. This change appears to be especially pronounced for small economies. Until the end of the 1980s, the scope for technological imitation was a significant factor in generating growth in low-income countries but this did not extend to the 1990s. The results reported in this paper suggest that, during the 1990s, whether low-income countries managed to catch up or fall behind depended mainly on their ability to develop their 'innovation system'.

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Bibliographic Info

Article provided by Inderscience Enterprises Ltd in its journal International Journal of Technological Learning, Innovation and Development.

Volume (Year): 1 (2007)
Issue (Month): 1 (January)
Pages: 13-33
Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Handle: RePEc:ids:ijtlid:v:1:y:2007:i:1:p:13-33

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Web page: http://inderscience.metapress.com/link.asp?target=journal&id=120821

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Related research

Keywords: innovation; growth; economic development; technological catch-up; economic catch-up; technological learning;

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Cited by:
  1. Szirmai, Adam, 2011. "Manufacturing and Economic Development," Working Papers UNU-WIDER Research Paper , World Institute for Development Economic Research (UNU-WIDER).
  2. Szirmai, Adam, 2009. "Industrialisation as an engine of growth in developing countries," UNU-MERIT Working Paper Series 010, United Nations University, Maastricht Economic and social Research and training centre on Innovation and Technology.

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