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

Listed author(s):
  • Jan Fagerberg

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

  • Bart Verspagen

    (Eindhoven Centre for Innovation Studies (ECIS), Eindhoven University of Technology, the Netherlands)

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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File URL: http://www.tik.uio.no/InnoWP/archive/wpno001-2007.pdf
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Paper provided by Centre for Technology, Innovation and Culture, University of Oslo in its series Working Papers Archives with number 2007001.

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Length: 18 pages
Date of creation: Jan 2007
Handle: RePEc:tik:wparch:2007001
Contact details of provider: Postal:
Postboks 1108 Blindern N-0317 Oslo

Phone: 22 84 16 00
Fax: : 22 84 16 01
Web page: http://www.tik.uio.no/Innovation
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  1. Fagerberg, Jan, 1994. "Technology and International Differences in Growth Rates," Journal of Economic Literature, American Economic Association, vol. 32(3), pages 1147-1175, September.
  2. Fagerberg, Jan, 1987. "A technology gap approach to why growth rates differ," Research Policy, Elsevier, vol. 16(2-4), pages 87-99, August.
  3. Daron Acemoglu & Simon Johnson & James A. Robinson, 2002. "Reversal of Fortune: Geography and Institutions in the Making of the Modern World Income Distribution," The Quarterly Journal of Economics, Oxford University Press, vol. 117(4), pages 1231-1294.
  4. Romer, Paul M, 1990. "Endogenous Technological Change," Journal of Political Economy, University of Chicago Press, vol. 98(5), pages 71-102, October.
  5. Masters, William A & McMillan, Margaret S, 2001. "Climate and Scale in Economic Growth," Journal of Economic Growth, Springer, vol. 6(3), pages 167-186, September.
  6. Fagerberg, Jan & Verspagen, Bart, 2002. "Technology-gaps, innovation-diffusion and transformation: an evolutionary interpretation," Research Policy, Elsevier, vol. 31(8-9), pages 1291-1304, December.
  7. Daron Acemoglu & Simon Johnson & James A. Robinson, 2001. "The Colonial Origins of Comparative Development: An Empirical Investigation," American Economic Review, American Economic Association, vol. 91(5), pages 1369-1401, December.
  8. Jonathan Temple, 1999. "The New Growth Evidence," Journal of Economic Literature, American Economic Association, vol. 37(1), pages 112-156, March.
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