Leapfrogging Cycles in International Competition
Leapfrogging Cycles in International Competition
复制标题
国际竞争中的跨越周期
DOI:
10.1007/s00199-014-0850-y
复制
发表时间:
2015
期刊:
影响因子:
1.3
通讯作者:
Yuichi Furukawa
中科院分区:
文献类型:
--
作者:
Angus C. Chu;Yuichi Furukawa;Lei Ji;Yuichi Furukawa
Technological leadership has shifted at various times from one country to another. We propose a mechanism that explains this perpetual cycle of technological leapfrogging in a two-country model including the dynamic optimization of an infinitely lived consumer. In the model, each country accumulates knowledge stock over time because of domestic innovation and spillovers from foreign innovation. We show that if the international knowledge spillovers are reasonably efficient, technological leadership may shift first from one country to another, and then alternate between countries along an equilibrium path.