Falling behind, forging ahead and catching up: a modeling of the technological gap from growth regime theory in light of unified groth theory

• Main Authors: Sergiany da Silva Lima, Ana Urraca Ruiz
• Format: Article
• Language: Portuguese
• Published: Universidade Federal de Santa Catarina 2019-12-01
• Series: Textos de Economia
• Subjects: crescimento; economia atrasada; desigualdades persistentes; inovação; mudança tecnológica
• Online Access: https://periodicos.ufsc.br/index.php/economia/article/view/65171

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.