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dc.contributor.authorBoucekkine, Raoufen_US
dc.contributor.authorZou, Bentengen_US
dc.description.abstractThis 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.en_US
dc.publisherInst. of Mathematical Economics, IMW Bielefelden_US
dc.relation.ispartofseriesWorking papers // Institute of Mathematical Economics 428en_US
dc.subject.stwInternationale Wirtschaftsbeziehungenen_US
dc.subject.stwTechnischer Fortschritten_US
dc.titleCatching-up with the 'locomotive': a simple theoryen_US
dc.typeWorking Paperen_US
Appears in Collections:Working Papers, Center for Mathematical Economics (IMW), Bielefeld University

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