English, Article, Journal or magazine article edition: UM MODELO EVOLUCIONÁRIO NORTE-SUL André Luiz Fernandes; Gabriel Porcile

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Bookmark: http://trove.nla.gov.au/version/124961
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • UM MODELO EVOLUCIONÁRIO NORTE-SUL
Author
  • André Luiz Fernandes
  • Gabriel Porcile
Physical Description
  • preprint
Notes
  • Taking as a point of departure the classical model of Schumpeterian competition proposed by Nelson and Winter, this work expands it by including two sectors and a North-South dynamics, with a view to analyzing how institutions and technological regimes affect the processes of convergence and divergence in the international economy. The model highlights some microeconomic variables that play a key role in shaping convergence and divergence, like the amount of resources that firms devote to R&​D and their efforts to boost the diffusion of technology. The results suggest a view of convergence based on strong learning efforts in less developed economies. Convergence requires institutions favorable to innovation when the technological regime is science-based. On the other hand, when the regime is cumulative, imitation could offer a promising avenue for catching-up with the technological leaders. Finally, this work also analyses the strength of the model results using Montecarlo method and probability density graphs.
  • RePEc:anp:en2004:081
Language
  • English
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