 Economic growth and technological catching up by Singapore to the USALee K Lim and Michael McAleer Mathematics and Computers in Simulation (MATCOM), 2002, vol. 59, issue 1, 133-141 Abstract: The high growth performance of Singapore can be attributed largely to the rapid inflows of foreign direct investment (FDI). It is generally accepted that FDI brings not only additional capital to the host country, but also the transfer of advanced technology and management skills. The catching up hypothesis states that the lagging country, with low initial income and productivity levels, will tend to grow more rapidly by copying the technology from the leader country, without having to bear the associated costs of research and development. Given the important effects of technological change on growth, this paper examines whether Singapore is catching up technologically to the technology leader (USA). The paper applies two different time series tests of technological catching up, namely the Dickey–Fuller-type unit root test and a test based on the Verspagen model. The empirical evidence suggests technological catching up by Singapore to the USA. Keywords: Foreign direct investment; Catching-up; Economic growth (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:matcom:v:59:y:2002:i:1:p:133-141 Access Statistics for this article Mathematics and Computers in Simulation (MATCOM) is currently edited by Robert Beauwens More articles in Mathematics and Computers in Simulation (MATCOM) from Elsevier |
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