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The economic restructuring under new industry: A model for leapfrogging development and the shift of leadership

Author

Listed:
  • Jun-Ying Cui

    (Alibaba Research Center for Complexity Sciences, Hangzhou Normal University, Hangzhou 311121, China)

  • Xiao-Pu Han

    (Alibaba Research Center for Complexity Sciences, Hangzhou Normal University, Hangzhou 311121, China)

  • Linyuan Lü

    (Alibaba Research Center for Complexity Sciences, Hangzhou Normal University, Hangzhou 311121, China2Institute of Fundamental and Frontier Sciences, University of Electronic Science and Technology of China, Chengdu 610054, China)

Abstract

In this paper, a lattice-based minimum modeling framework is proposed to explain the leapfrogging development of lagging economy and the shift of economic leadership. In this modeling framework, the economic restructuring driven by new industries, which is occurring in some rapidly-growing countries, is considered to be the major factor, as well as the industrial transfer across countries. Using numerical simulations, we run the modeling framework under the simplest case with only two countries, and find that the economic restructuring can efficiently promote the overtaking of the relative lagging country. We further observe that country’s independence in economic interactions is the other key: the lack of it will seriously hamper the economy development of the lagging country and thus delay its overtaking process. This modeling framework provides a novel perspective to understand the rapid economic growth in some countries.

Suggested Citation

  • Jun-Ying Cui & Xiao-Pu Han & Linyuan Lü, 2019. "The economic restructuring under new industry: A model for leapfrogging development and the shift of leadership," International Journal of Modern Physics C (IJMPC), World Scientific Publishing Co. Pte. Ltd., vol. 30(07), pages 1-15, July.
    • Handle: RePEc:wsi:ijmpcx:v:30:y:2019:i:07:n:s0129183119400060
    DOI: 10.1142/S0129183119400060
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