Catching-up with the “locomotive”: a simple theory

Raouf Boucekkine () and Benteng Zou

DEM Discussion Paper Series from Department of Economics at the University of Luxembourg

Abstract: 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.

Date: 2010
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://wwwfr.uni.lu/content/download/28779/339974/ ... 0simple%20theory.pdf (application/pdf)

Related works:
Working Paper: Catching-up with the “locomotive”: a simple theory (2010)
Working Paper: Catching-up with the "locomotive": a simple theory (2010)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:luc:wpaper:10-02

Access Statistics for this paper

More papers in DEM Discussion Paper Series from Department of Economics at the University of Luxembourg Contact information at EDIRC.
Bibliographic data for series maintained by Marina Legrand ().