An Empirical Work On Catch Up By The Diffusion Of Technology
AbstractThe main idea of catch up hypothesis is how rapidly follower economies tend to catch the leader since imitation and implementation of discoveries are cheaper than innovation. Therefore imitation and implementation of discoveries tends to generate convergence even though diminishing returns to capital or to R&D do not apply. If the diffusion of technology occurs gradually, then we get another reason to predict a pattern of convergence across economies, which we estimate in this study. The estimation indicates that follower economies tend to catch up the leader. Hence, we could say imitation and implementation of discoveries generate convergence in an empirically.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 4423.
Date of creation: 2002
Date of revision:
Publication status: Published in Pakistan Journal of Applied Sciences 6.2(2002): pp. 667-669
Convergence; Diffusion; Human Capital and Physical Capital;
Find related papers by JEL classification:
- O30 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - General
- C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
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