"Endogenous growth; Technology diffusion; Innovation; Imitation; Catch-up; Fall-back; O14; O30; O31; O33; O40"
Catch-up and fall-back through innovation and imitation
Will fast growing emerging economies sustain rapid growth rates until they "catch-up" to the technology frontier? Are there incentives for some developed countries to free-ride off of innovators and optimally "fall-back" relative to the frontier? …