Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/43801
Authors: 
Boucekkine, Raouf
Zou, Benteng
Year of Publication: 
2010
Series/Report no.: 
Working papers // Institute of Mathematical Economics 428
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.
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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