The economic restructuring under new industry: A model for leapfrogging development and the shift of leadership

Jun-Ying Cui (), Xiao-Pu Han and Linyuan Lü
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Jun-Ying Cui: Alibaba Research Center for Complexity Sciences, Hangzhou Normal University, Hangzhou 311121, China
Xiao-Pu Han: Alibaba Research Center for Complexity Sciences, Hangzhou Normal University, Hangzhou 311121, China
Linyuan Lü: Alibaba Research Center for Complexity Sciences, Hangzhou Normal University, Hangzhou 311121, China2Institute of Fundamental and Frontier Sciences, University of Electronic Science and Technology of China, Chengdu 610054, China

International Journal of Modern Physics C (IJMPC), 2019, vol. 30, issue 07, 1-15

Abstract: In this paper, a lattice-based minimum modeling framework is proposed to explain the leapfrogging development of lagging economy and the shift of economic leadership. In this modeling framework, the economic restructuring driven by new industries, which is occurring in some rapidly-growing countries, is considered to be the major factor, as well as the industrial transfer across countries. Using numerical simulations, we run the modeling framework under the simplest case with only two countries, and find that the economic restructuring can efficiently promote the overtaking of the relative lagging country. We further observe that country’s independence in economic interactions is the other key: the lack of it will seriously hamper the economy development of the lagging country and thus delay its overtaking process. This modeling framework provides a novel perspective to understand the rapid economic growth in some countries.

Keywords: Economic restructuring; leapfrogging development; industrial transfer; industrial growth (search for similar items in EconPapers)
Date: 2019
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DOI: 10.1142/S0129183119400060

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