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Catching-up with the “locomotive”: a simple theory



    () (UNIVERSITE CATHOLIQUE DE LOUVAIN, Department of Economics and Core, Univerity of Glasgow, Department of Economics)

  • Benteng ZOU

    () (University of Luxembourg, CREA)


This paper extends the standard neoclassical model by considering a technology sector through which an economy with limited human capital attempts to catch up with a given “locomotive” pushing exogenously technical progress. In periods of technological stagnation, economies close enough to the frontier may find it optimal to not catch up, which reinforces worldwide technological sclerosis. Under sustainable technological growth, all the other economies will sooner or later engage in imitation. Such a phase of technology adoption may be delayed depending on certain deep characteristics of the followers.

Suggested Citation

  • Raouf BOUCEKKINE & Benteng ZOU, 2010. "Catching-up with the “locomotive”: a simple theory," Discussion Papers (IRES - Institut de Recherches Economiques et Sociales) 2010011, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
  • Handle: RePEc:ctl:louvir:2010011

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    References listed on IDEAS

    1. Boucekkine, Raouf & Saglam, Cagri & Vall Ee, Thomas, 2004. "Technology Adoption Under Embodiment: A Two-Stage Optimal Control Approach," Macroeconomic Dynamics, Cambridge University Press, vol. 8(02), pages 250-271, April.
    2. Raouf Boucekkine & Blanca Martínez & Cagri Saglam, 2006. "The Development Problem under Embodiment," Review of Development Economics, Wiley Blackwell, vol. 10(1), pages 42-58, February.
    3. Benhabib, Jess & Spiegel, Mark M., 1994. "The role of human capital in economic development evidence from aggregate cross-country data," Journal of Monetary Economics, Elsevier, vol. 34(2), pages 143-173, October.
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    Cited by:

    1. Luboš Komárek & Martin Motl & Filip Novotný & Ladislav Prokop, 2012. "Německá ekonomická "lokomotiva" a česká ekonomika
      [German Economic "Locomotive" and the Czech Economy]
      ," Politická ekonomie, University of Economics, Prague, vol. 2012(4), pages 442-458.

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