Falling behind, forging ahead and catching up: a modeling of the technological gap from growth regime theory in light of unified groth theory
Objetive: The objective of this article is to construct an economic model capable of explaining the dynamics of economic growth in the long term confronting restrictive hypotheses of multiple growth regimes, in light of the unified growth theory. Historical facts such as the catching up the United S...
| Main Authors: | , |
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| Format: | Article |
| Language: | Portuguese |
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Universidade Federal de Santa Catarina
2019-12-01
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| Series: | Textos de Economia |
| Subjects: | |
| Online Access: | https://periodicos.ufsc.br/index.php/economia/article/view/65171 |
| Summary: | Objetive: The objective of this article is to construct an economic model capable of explaining the dynamics of economic growth in the long term confronting restrictive hypotheses of multiple growth regimes, in light of the unified growth theory. Historical facts such as the catching up the United States, Japan, Korea and China challenge the robustness of multiple equilibria. Thus, based on the limitation of the multiple equilibrium hypothesis to explain catching up, a dynamic model was constructed whose analysis covers the effect of endowment of economic factors on the productivity gap between advanced and backward economies and the effect of diffusion and technological shocks in the dynamic Falling behind, Forging ahead and Catching up. |
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| ISSN: | 0103-6017 2175-8085 |