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Catching up: What are the Critical Factors for success?

Author

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  • Jan Fagerberg

    (Centre for Technology, Innovation and Culture, University of Oslo)

  • Martin Srholec

    (Centre for Technology, Innovation and Culture, University of Oslo)

Abstract

This paper addresses one of the oldest and most controversial issues in economics: Why do some countries succeed in catching up, while others fall behind? In recent years the quality and availability of data on different aspects of development have improved a lot. Attempting to exploit this opportunity for more in-depth research the paper starts with an overview and assessment of the different approaches in the literature and the empirical indicators and methods that these have given rise to. This leads to the formulation of a synthetic empirical model and, with the help of factor analysis on large variable set, to the identification of set of “capabilities” which might be assumed to be of critical importance for catch up. The explanatory power of these capabilities for economic growth is tested on a sample of 135 countries in the 1990s.

Suggested Citation

  • Jan Fagerberg & Martin Srholec, 2005. "Catching up: What are the Critical Factors for success?," Working Papers on Innovation Studies 20050401, Centre for Technology, Innovation and Culture, University of Oslo.
  • Handle: RePEc:tik:inowpp:20050401
    Note: Presented at UNIDO, Vienna, Wednesday, 23 November 2005
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    References listed on IDEAS

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    Cited by:

    1. repec:eaa:aeinde:v:17:y:2017:i:2_11 is not listed on IDEAS
    2. Fagerberg, Jan & Feldman, Maryann & Srholec, Martin, 2011. "Technological Dynamics and Social Capability: Comparing U.S. States and European Nations," Papers in Innovation Studies 2011/11, Lund University, CIRCLE - Center for Innovation, Research and Competences in the Learning Economy.
    3. Jan Fagerberg, 2010. "The Changing Global Economic Landscape: The Factors that Matter," Chapters,in: The Shape of the Division of Labour, chapter 1 Edward Elgar Publishing.
    4. Jan Fagerberg & Martin Srholec, 2009. "Knowledge, Capabilities and the Poverty Trap: The Complex Interplay Between Technological, Social and Geographical Factors," ICER Working Papers 24-2009, ICER - International Centre for Economic Research.
    5. Jorge Niosi, 2010. "Building National and Regional Innovation Systems," Books, Edward Elgar Publishing, number 14006.
    6. Pitelis, Christos, 2009. "Foreign direct investment and economic integration," MPRA Paper 23938, University Library of Munich, Germany.
    7. Tilman Altenburg & Wilfried Lütkenhorst, 2015. "Industrial Policy in Developing Countries," Books, Edward Elgar Publishing, number 14726.
    8. repec:spr:manint:v:49:y:2009:i:1:d:10.1007_s11575-008-0127-4 is not listed on IDEAS
    9. Rumen Dobrinsky, 2009. "The Paradigm of Knowledge-Oriented Industrial Policy," Journal of Industry, Competition and Trade, Springer, vol. 9(4), pages 273-305, December.
    10. Christos N. Pitelis, 2011. "Foreign Direct Investment and Economic Integration," Chapters,in: International Handbook on the Economics of Integration, Volume III, chapter 1 Edward Elgar Publishing.
    11. Fagerberg , Jan & Srholec , Martin, 2015. "Capabilities, Competitiveness, Nations," Papers in Innovation Studies 2015/2, Lund University, CIRCLE - Center for Innovation, Research and Competences in the Learning Economy.

    More about this item

    JEL classification:

    • E11 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Marxian; Sraffian; Kaleckian
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General

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