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An Empirical Work On Catch Up By The Diffusion Of Technology

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  • Kalyoncu, Kahraman
  • Kalyoncu, Huseyin

Abstract

The main idea of catch up hypothesis is how rapidly follower economies tend to catch the leader since imitation and implementation of discoveries are cheaper than innovation. Therefore imitation and implementation of discoveries tends to generate convergence even though diminishing returns to capital or to R&D do not apply. If the diffusion of technology occurs gradually, then we get another reason to predict a pattern of convergence across economies, which we estimate in this study. The estimation indicates that follower economies tend to catch up the leader. Hence, we could say imitation and implementation of discoveries generate convergence in an empirically.

Suggested Citation

  • Kalyoncu, Kahraman & Kalyoncu, Huseyin, 2002. "An Empirical Work On Catch Up By The Diffusion Of Technology," MPRA Paper 4423, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:4423
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    References listed on IDEAS

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    3. Benhabib, Jess & Spiegel, Mark M., 1994. "The role of human capital in economic development evidence from aggregate cross-country data," Journal of Monetary Economics, Elsevier, vol. 34(2), pages 143-173, October.
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    More about this item

    Keywords

    Convergence; Diffusion; Human Capital and Physical Capital;
    All these keywords.

    JEL classification:

    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models

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