Does a Leapfrogging Growth Strategy Raise Growth Rate? Some International Evidence

Zhi Wang (), Shang-Jin Wei and Anna Wong

No 16390, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: While openness to trade is a well-recognized hallmark of many successful emerging market economies known as "growth miracles," another component of the growth model is a leapfrogging strategy - the use of policies to guide the industrial structural transformation ahead of a country's factor endowment. Does the leapfrogging strategy work? Opinions vary but the evidence is scarce in part because it is more difficult to measure the degree of leapfrogging than the extent of trade openness. We undertake a systematic look at the evidence across countries to assess the efficacy of such a strategy. So far, there is no strong and robust evidence that this strategy works reliably. Future research can explore a number of refinements.

JEL-codes: F43 (search for similar items in EconPapers)
Date: 2010-09
Note: EFG IFM
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Citations: View citations in EconPapers (6)

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