Catching-up with the 'locomotive': a simple theory

Arbeitspapier

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.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Working Papers ; No. 428

Classification and Topics

• Classification: Wirtschaft
• Subject: Wirtschaftswachstum ; Internationale Wirtschaftsbeziehungen ; Technischer Fortschritt ; Konjunkturzusammenhang ; Imitationswettbewerb ; Theorie

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Boucekkine, Raouf ; Zou, Benteng
• Event: Veröffentlichung
• (who): Bielefeld University, Institute of Mathematical Economics (IMW)
• (where): Bielefeld
• (when): 2010

Further information

• Handle: http://hdl.handle.net/10419/43801
• URN: urn:nbn:de:hbz:361-16609
• Last update: 10.03.2025, 11:44 AM CET