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Catching-up in a globalised context: Technological change as a driver of growth

Author

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  • Verspagen, Bart

    (UNU-MERIT, and Maastricht University, SBE)

  • Kaltenberg, Mary

    (UNU-MERIT)

Abstract

This paper aims to understand the role that technology plays, particularly in structural change, as a driver of economic growth. Noting the exceptional few countries that succeeded in becoming a developed state and the accelerated period of globalisation (1995 - 2009), we analyse growth patterns at the product, sectoral and macroeconomic levels. Utilising trade data, we detail the type of complex products exported as a reflection of a nation's latent capabilities. At the sectoral level, technological shifts are observed through a TFP analysis to understand how countries use technological progress at varying development stages to realise economic growth. Finally, we use input-output analysis for a macroeconomic perspective on the impact of globalisation on production by sector and on demand patterns of foreign and domestic markets, both globally and regionally

Suggested Citation

  • Verspagen, Bart & Kaltenberg, Mary, 2015. "Catching-up in a globalised context: Technological change as a driver of growth," MERIT Working Papers 2015-049, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
  • Handle: RePEc:unm:unumer:2015049
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    File URL: https://www.merit.unu.edu/publications/wppdf/2015/wp2015-049.pdf
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    References listed on IDEAS

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    Cited by:

    1. Giovanni Dosi & Andrea Roventini & Emanuele Russo, 2021. "Public policies and the art of catching up: matching the historical evidence with a multicountry agent-based model [Catching up, forging ahead, and falling behind]," Industrial and Corporate Change, Oxford University Press, vol. 30(4), pages 1011-1036.
    2. Giovanni Dosi & Andrea Roventini & Emmanuele Russo, 2020. "Public Policies And The Art Of Catching Up," Working Papers hal-03242369, HAL.
    3. Mealy, Penny & Teytelboym, Alexander, 2017. "Economic Complexity and the Green Economy," INET Oxford Working Papers 2018-03, Institute for New Economic Thinking at the Oxford Martin School, University of Oxford, revised Feb 2019.
    4. Califano, Andrea & Gasperin, Simone, 2019. "Multi-speed Europe is already there: Catching up and falling behind," Structural Change and Economic Dynamics, Elsevier, vol. 51(C), pages 152-167.

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    More about this item

    Keywords

    Innovation; Technological Change; Economic development; Economic Growth; Structural change; International Trade; Convergence; Input-Output analysis;
    All these keywords.

    JEL classification:

    • C67 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Input-Output Models
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F62 - International Economics - - Economic Impacts of Globalization - - - Macroeconomic Impacts
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O12 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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