The Challenges of Technology and Economic Catch-Up in Emerging Economies 2021
DOI: 10.1093/oso/9780192896049.003.0004
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Middle Innovation Trap

Abstract: In the context of emerging economies, long-run economic growth and development encompass mechanisms from technological catching-up to moving forward by one’s upgrading. However, as the economy reaches the middle-income range, economic growth mostly slows down unless adopting strategies for building technological capabilities. To identify the bottleneck in sustainable technological development and the ways to avoid the middle-income trap, therefore, this chapter focuses on the development patterns of two differ… Show more

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Cited by 15 publications
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“…Fifth, quite unexpectedly, greening turned out to be a positive and significant driver of increasing labour productivity per hour in upper-middle-and high-income economies. This result follows evidence showing that only countries at these income levels (the frontier) can reduce the energy and environmental intensity of their GDP [36]. Large regression coefficients suggest that high-income economies have been decoupling sources of their growth from material consumption.…”
Section: Regression Results and Discussionsupporting
confidence: 81%
“…Fifth, quite unexpectedly, greening turned out to be a positive and significant driver of increasing labour productivity per hour in upper-middle-and high-income economies. This result follows evidence showing that only countries at these income levels (the frontier) can reduce the energy and environmental intensity of their GDP [36]. Large regression coefficients suggest that high-income economies have been decoupling sources of their growth from material consumption.…”
Section: Regression Results and Discussionsupporting
confidence: 81%