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

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  • 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 Int. J. of Technological Learning, Innovation and Development.

Volume (Year): 1 (2007)
Issue (Month): 1 ()
Pages: 13-33

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Handle: RePEc:ids:ijtlid:v:1:y:2007:i:1:p:13-33

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Web page: http://www.inderscience.com/browse/index.php?journalID=240

Related research

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

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Cited by:
  1. Bilkic, Natasa & Gries, Thomas & Naudé, Wim, 2013. "The Radical Innovation Investment Decision Refined," IZA Discussion Papers 7338, Institute for the Study of Labor (IZA).
  2. Szirmai, Adam, 2011. "Manufacturing and Economic Development," Working Paper Series, World Institute for Development Economic Research (UNU-WIDER) UNU-WIDER Research Paper , World Institute for Development Economic Research (UNU-WIDER).
  3. Szirmai, Adam, 2012. "Industrialisation as an engine of growth in developing countries, 1950–2005," Structural Change and Economic Dynamics, Elsevier, Elsevier, vol. 23(4), pages 406-420.
  4. Nabaz T. Khayyat & Jeong-Dong Lee, 2012. "A New Index Measure of Technological Capabilities for Developing Countries," TEMEP Discussion Papers 201291, Seoul National University; Technology Management, Economics, and Policy Program (TEMEP), revised Jun 2012.
  5. Szirmai, Adam & Verspagen, Bart, 2011. "Manufacturing and Economic Growth in Developing Countries, 1950-2005," MERIT Working Papers 069, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
  6. Szirmai, Adam, 2009. "Industrialisation as an engine of growth in developing countries," MERIT Working Papers 010, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).

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