RT Journal Article
T1 Technological assimilation and divergence in times of crisis
A1 Álvarez González, Isabel
A1 Di Caprio, Débora
A1 Santos Arteaga, Francisco Javier
AB We study an endogenous stochastic growth model whose dynamic evolution is determined by an adaptive learning process defining the accumulation of technological knowledge within countries. Both the assimilation of technological knowledge and the arrival rate of innovations depend on the technological development level of countries. We illustrate how heterogeneous levels of technological development provide laggard countries with insufficient innovation incentives, leading to divergences in total factor productivity and their technological stagnation. The model is simulated numerically using data from the current Innovation Union Scoreboard where the main expected growth patterns of the Baltic States are compared to those of the reference innovators within the European Union area.
PB Routledge
SN 2029-4913
YR 2016
FD 2016
LK https://hdl.handle.net/20.500.14352/23573
UL https://hdl.handle.net/20.500.14352/23573
LA eng
DS Docta Complutense
RD 27 abr 2025