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Catching-up in a globalised context: Technological change as a driver of growth

Bart Verspagen and Mary Kaltenberg ()

No 49, MERIT Working Papers from United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT)

Abstract: This paper aims to understand the role that technology plays, particularly in structural change, as a driver of economic growth. Noting the exceptional few countries that succeeded in becoming a developed state and the accelerated period of globalisation (1995 - 2009), we analyse growth patterns at the product, sectoral and macroeconomic levels. Utilising trade data, we detail the type of complex products exported as a reflection of a nation's latent capabilities. At the sectoral level, technological shifts are observed through a TFP analysis to understand how countries use technological progress at varying development stages to realise economic growth. Finally, we use input-output analysis for a macroeconomic perspective on the impact of globalisation on production by sector and on demand patterns of foreign and domestic markets, both globally and regionally

Keywords: Innovation; Technological Change; Economic development; Economic Growth; Structural change; International Trade; Convergence; Input-Output analysis (search for similar items in EconPapers)
JEL-codes: C67 F14 F62 O11 O12 O30 O47 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ino and nep-tid
Date: 2015-12-01
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