On the Evolution of Regional Asymmetries

E. Giovannetti

Cambridge Working Papers in Economics from Faculty of Economics, University of Cambridge

Abstract: The paper models the evolution of regional asymmetries, and the associated intra-distribution mobility, as the outcome of adoption decisions taken by firms at different locations. The following equilibria are characterised: Persistent asymmetry where nobody adopts, Leapfrogging where low-quality firms adopt, Forging ahead where high-quality firms adopt, and Catching up where everybody adopts. The paper studies the impact of economic integration on these equilibria and the evolution of technological asymmetries as well as intra-distribution mobility. In equilibrium, the regional intra-distribution Mobility is described by fluctuations between periods of Leapfrogging, Forging ahead and Catching up.

Keywords: Leapfrogging; convergence; Local interaction; Technological adoption; Inta- distribution mobility (search for similar items in EconPapers)
JEL-codes: L13 O31 R12 (search for similar items in EconPapers)
Date: 1999-08
New Economics Papers: this item is included in nep-his
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Persistent link: https://EconPapers.repec.org/RePEc:cam:camdae:9916

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