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Technological assimilation and divergence in times of crisis

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Alvarez González, Isabel and Di Caprio, Débora and Santos Arteaga, Francisco Javier (2016) Technological assimilation and divergence in times of crisis. Technological and Economic Development of Economy, 22 (2). pp. 254-273. ISSN 2029-4913

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Official URL: https://doi.org/10.3846/20294913.2015.1033663



Abstract

We study an endogenous stochastic growth model whose dynamic evolution is determined by an adaptive learning process defining the accumulation of technological knowledge within countries. Both the assimilation of technological knowledge and the arrival rate of innovations depend on the technological development level of countries. We illustrate how heterogeneous levels of technological development provide laggard countries with insufficient innovation incentives, leading to divergences in total factor productivity and their technological stagnation. The model is simulated numerically using data from the current Innovation Union Scoreboard where the main expected growth patterns of the Baltic States are compared to those of the reference innovators within the European Union area.


Item Type:Article
Uncontrolled Keywords:Technology assimilation, Learning, Stochastic growth, National innovation system, Technological development, Economic crisis, Baltic states, European Union
Subjects:Social sciences > Economics > Depressions
Social sciences > Economics > Economic development
Social sciences > Economics > Econometrics
Social sciences > Economics > World economy
JEL:O31, O33
ID Code:55193
Deposited On:07 May 2019 12:41
Last Modified:13 May 2019 10:46

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