Catching Up and Falling Behind, a Vintage Model Approach
AbstractThe literature on catching up suggests that due to diffusion and imitation relatively backward countries should grow at a faster rate. A model along lines suggested by Abramovitz is constructed to examine this. A country's change in productivity (technological gap) is supposed to depend on the productivity gap itself (relatively backwardness), social capability of adopting new technology, and R&D activity. Together with a vintage growth model, this setup gives a lot of different possible explanations of why growth rates differ among nations. The possibilities of both catching up and falling behind are considered.
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Bibliographic InfoArticle provided by Springer in its journal Journal of Evolutionary Economics.
Volume (Year): 5 (1995)
Issue (Month): 3 (September)
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Web page: http://link.springer.de/link/service/journals/00191/index.htm
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- Bernhard Heitger, 1993. "Convergence, the “tax-state” and economic dynamics," Review of World Economics (Weltwirtschaftliches Archiv), Springer, vol. 129(2), pages 254-274, June.
- Habibullah, M.S. & Smith, Peter & Dayang-Afizzah, A.M., 2008. "Has Kelantan grown faster than other states in Malaysia? A panel data analysis," MPRA Paper 12109, University Library of Munich, Germany.
- repec:pdn:wpaper:9 is not listed on IDEAS
- Hirnissa, M.T & Habibullah, M.S., 2008. "Finance and other services sectors in Peninsular Malaysia, Sabah and Sarawak: Testing for stochastic convergence," MPRA Paper 12108, University Library of Munich, Germany.
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