The impact of technological specialisation on national performance in a balance-of-payments-constrained growth model
نویسنده
چکیده
The paper explores the effect of technological specialisation on economic growth within a balance-of-payments-constrained growth model. We find that countries that are specialised in fast-growing technologies experience above average rates of growth due to the positive effects on international competitiveness. Moreover, we find that innovation, imitation and investment affect countries’ performance in international markets and their rate of growth through the balance-of-payments. © 2002 Elsevier Science B.V. All rights reserved. JEL classification: F43; O3; C33
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