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  • 标题:Catching-up with the "locomotive": a simple theory
  • 本地全文:下载
  • 作者:Raouf Boucekkine y Benteng Zouz
  • 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.
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