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| Author: | Desmet, K. |
| Title: | A simple dynamic model of uneven development and overtaking |
| Journal: | Economic Journal
2002 : OCT, VOL. 112:482, p. 894-918 |
| Index terms: | Econometric models Capital theory Technology transfer Productivity |
| Language: | eng |
| Abstract: | The paper extends the Brezis et al. (Amer. Econ. Rev. 83(1993)1211-9) Ricardian leapfrogging model by introducing geographically mobile capital and allowing for a wider variety of development patterns. In a two-region economy, localised learning-by-doing causes specialisation and uneven development. Technological change reversers the existing development pattern if the new technology locates in the low-wage region. However, the development pattern may also be reinforced if spillovers between the old and the new technologu make the leading region a more attractive location. Capital flows are explicitly analysed and it is furthermore show that inter-regional transfers may reduce the change of take-off. |
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