期刊名称:Departmental Discussion Papers / University of Glasgow, Department of Economics
出版年度:2010
卷号:1
出版社:University of Glasgow, Department of Economics
摘要: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.