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Divergent Trajectories in Europe: An Analysis of the Recently Developed Countries

Author

Listed:
  • Mauro GALLEGATI

    (Universit… Politecnica delle Marche, Dipartimento di Economia)

  • Massimo TAMBERI

    (Universit… Politecnica delle Marche, Dipartimento di Economia)

Abstract

[ENGLISH] We analyze the phenomenon of international labor productivity convergence at the light of the hypothesis of catching up in technology. We present evidence that the process is much slowed by international demand fluctuations and it reduces the possibility of catching up of the Recently Developed Countries. Moreover, these latters suffer of problems of economic dualism, due to the developing of the technology transfer itself: as we show in the paper, backwardness advantages exist but backwardness disadvantages exist as well. Most of the effects that we analyze are due to the working of the balance of payments constraint. [ITALIANO] In questo lavoro si analizza il fenomeno della convergenza internazionale della produttivita' del lavoro alla luce delle teorie dell'inseguimento tecnologico. Si presenta evidenza del forte rallentamento del processo durante le fluttuazioni mondiali della domanda e del fatto che cio' compromette la possibilita' per i paesi a sviluppo tardivo di raggiungere rapidamente i piu' avanzati. Nei primi, inoltre, il processo internazionale di trasferimento della tecnologia provoca effetti dualistici, cosicchŠ se Š vero che esistono vantaggi dovuti all'arretratezza, Š altrettanto vero che esistono gli "svantaggi dell'arretratezza". Infine, un ruolo rilevante nella amplificazione di effetti positivi e negativi sulla crescita Š legato al vincolo della bilancia dei pagamenti.

Suggested Citation

  • Mauro GALLEGATI & Massimo TAMBERI, 1989. "Divergent Trajectories in Europe: An Analysis of the Recently Developed Countries," Working Papers 16, Universita' Politecnica delle Marche (I), Dipartimento di Scienze Economiche e Sociali.
  • Handle: RePEc:anc:wpaper:16
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