Economic catch-up of BRICS and escape factors from the middle-income trap from a Schumpeterian perspective

Jongho Lee, Eunah Hong and Junhee Han

Journal of Asian Economics, 2025, vol. 100, issue C

Abstract: For this paper, we are going to compare five variables in the National Innovation System (Localization, Originality, Diversification, Cycle time of technology, and the Herfindahl-Hirschman Index) for BRICS countries (Brazil, Federation of Russia, India, China, and South Africa). To do so, the paper first classifies BRICS countries into three different groups: fast catch-up, catch-up, and slow or no catch-up. Then, the paper analyses the changes in those five variables for the thirty years using USPTO patent data. The paper finds that fast-catching-up BRICS countries have different trajectories for localization, originality, the cycle time of technology, and HHI from slower catch-up BRICS countries. Then, the paper discusses strategies for middle-income countries to break through the middle-income trap which is different from simply following advanced countries.

Keywords: National innovation systems; BRICS; Middle income stage; Catching-up (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:asieco:v:100:y:2025:i:c:s1049007825000909

DOI: 10.1016/j.asieco.2025.101966

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