Leon-Ledesma, M.A. (2002) Accumulation, innovation and catching-up: an extended cumulative growth model. Cambridge Journal of Economics, 26 (2). pp. 201-216. ISSN 0309-166X.
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This paper presents an extended model of cumulative growth in which the effects of innovation and catching-up are considered. Innovation adds another source of cumulative growth to that of traditional models and allows a consideration of the importance of non-price determinants of international competitiveness. Catching-up is the major force leading to convergence in productivity owing to the effect of the diffusion of technology. The model allows one to analyse whether cumulative forces may lead to stable growth and whether this solution generates convergence in productivity levels. The structural model is tested for a set of OECD countries over the period 1965–94.
|Subjects:||H Social Sciences > HB Economic Theory|
|Divisions:||Faculties > Social Sciences > School of Economics|
|Depositing User:||Miguel Leon-Ledesma|
|Date Deposited:||12 Sep 2008 18:32|
|Last Modified:||14 Jan 2010 14:23|
|Resource URI:||http://kar.kent.ac.uk/id/eprint/6149 (The current URI for this page, for reference purposes)|
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