Technology Adoption and Multiple Growth Paths: An Intertemporal General Equilibrium Analysis of the Catch-Up Process in Thailand

Review of World Economics

Volumn 140, Issue 1, 2004, Pages 80-109

  Stokke, Hildegunn E ^a  

^a NORWEGIAN UNIVERSITY OF SCIENCE AND TECHNOLOGY   (Norway)

Author keywords

Intertemporal growth modeling; Nonlinear productivity dynamics; Thailand

Indexed keywords

EID: 2342637797     PISSN: 16102878     EISSN: None     Source Type: Journal    
DOI: 10.1007/BF02659711     Document Type: Article

References (48)

1. Alam, M. (1992). Convergence in Developed Countries: An Empirical Investigation. Review of World Economics/Weltwirtschaftliches Archiv 128 (2): 189-201.
2. Azariadis, C., and A. Drazen (1990). Threshold Externalities in Economic Development. Quarterly Journal of Economics 105 (2): 501-526.
3. Baumol, W. (1986). Productivity Growth, Convergence and Welfare: What the Long-Run Data Show. American Economic Review 76 (5): 1072-1085.
4. Baumol, W., S. Blackman, and E. Wolff (1989). Productivity and American Leadership: The Long View. Cambridge, Mass.: MIT Press.
5. Benhabib, J., and M. Spiegel (1994). The Role of Human Capital in Economic Development: Evidence from Aggregate Cross-Country Data. Journal of Monetary Economics 34 (2): 143-173.
6. Benhabib, J., and M. Spiegel (2003). Human Capital and Technology Diffusion. Working Papers in Applied Economic Theory 2003-02. Federal Reserve Bank of San Francisco.
7. Coe, D., E. Helpman, and A. Hoffmeister (1997). North-South R&D Spillovers. Economic Journal 107 (440): 134-149.
8. Collins, S., and B. Bosworth (1996). Economic Growth in East Asia: Accumulation versus Assimilation. Brookings Papers on Economic Activity (2): 135-203.
9. Diao, X., J. Rattsø, and H. Stokke (2002). Learning by Exporting and Productivity-Investment Interaction: An Intertemporal General Equilibrium Analysis of the Growth Process in Thailand. EUI Working Paper ECO 2002/25. European University Institute, Florence.
10. Diao, X., J. Rattsø, and H. Stokke (2004). International Spillovers, Productivity Growth and Openness in Thailand: An Intertemporal General Equilibrium Analysis. Journal of Development Economics, forthcoming.
11. Diao, X., E. Yeldan, and T. Roe (1998). A Simple Dynamic Applied General Equilibrium Model of a Small Open Economy: Transitional Dynamics and Trade Policy. Journal of Economic Development 23 (1): 77-101.
12. Dowrick, S., and M. Rogers (2002). Classical and Technological Convergence: Beyond the Solow-Swan Growth Model. Oxford Economic Papers 54 (3): 369-385.
13. Durlauf, S., and P. Johnson (1995). Multiple Regimes and Cross-Country Growth Behavior. Journal of Applied Econometrics 10 (4): 365-384.
14. Easterly, W., and R. Levine (2001). It's Not Factor Accumulation: Stylized Facts and Growth Models. World Bank Economic Review 15 (2): 177-219.
15. Edwards, S. (1998). Openness, Productivity and Growth: What Do We Really Know? Economic Journal 108 (447): 383-398.
16. Feyrer, J. (2003). Convergence by Parts. Mimeo. Department of Economics, Dartmouth College.
17. Findlay, R. (1978). Relative Backwardness, Direct Foreign Investment, and the Transfer of Technology: A Simple Dynamic Model. Quarterly Journal of Economics 92 (1): 1-16.
18. Frantzen, D. (2000). R&D, Human Capital, and International Technology Spillovers: A Cross-Country Analysis. Scandinavian Journal of Economics 102 (1): 57-75.
19. Geroski, P. (1999). Models of Technology Diffusion. CEPR Discussion Paper 2146. Centre for Economic Policy Research, London.
20. Gerschenkron, A. (1962). Economic Backwardness in Historical Perspective. Cambridge, Mass.: Belknap Press of Harvard University Press.
21. Gort, M., and S. Klepper (1982). Time Paths in the Diffusion of Product Innovations. Economic Journal 92 (367): 630-653.
22. Griliches, Z. (1957). Hybrid Corn: An Exploration in the Economics of Technological Change. Econometrica 25 (4): 501-522.
23. Hall, R., and C. Jones (1999). Why Do Some Countries Produce So Much More Output per Worker than Others? Quarterly Journal of Economics 114 (1): 83-116.
24. Hansson, P., and M. Henrekson (1994). What Makes a Country Socially Capable of Catching Up? Weltwirtschaftliches Archiv 130 (4): 760-783.
25. Howitt, P., and D. Mayer-Foulkes (2002). R&D, Implementation and Stagnation: A Schumpeterian Theory of Convergence Clubs. NBER Working Paper 9104. National Bureau of Economic Research, Cambridge, Mass.
26. Isaksson, A. (2002). The Importance of Human Capital for the Trade-Growth Link. SIN Working Paper 2, June. Statistics and Information Networks Branch of UNIDO, Vienna.
27. Klenow, P.J., and A. Rodriguez-Clare (1997). The Neoclassical Revival in Growth Economics: Has It Gone Too Far? NBER Macroeconomics Annual 12: 73-103.
28. Kochhar, K., L.-D. Dicks-Mireaux, B. Horvath, M. Mecagni, E. C. Offerdal, J. Zhou (1996). Thailand: The Road to Sustained Growth. IMF Occasional Paper 146. International Monetary Fund, Washington, D.C.
29. Krugman, P. (1979). A Model of Innovation, Technology Transfer, and the World Distribution of Income. Journal of Political Economy 87 (2): 253-266.
30. Krugman, P. (1991). History versus Expectations. Quarterly Journal of Economics 106 (2): 651-67.
31. Kyriacou, G. (1991). Level and Growth Effects of Human Capital: A Cross-Country Study of the Convergence Hypothesis. Economic Research Reports 91, 26. C.V. Starr Center for Applied Economics, New York University, New York.
32. Lucas, R. (1988). On the Mechanics of Economic Development. Journal of Monetary Economics 22 (1): 3-42.
33. Mankiw, N.G., D. Romer, and D. Weil (1992). A Contribution to the Empirics of Economic Growth. Quarterly Journal of Economics 107 (2): 407-437.
34. Mayer, J. (2001). Technology Diffusion, Human Capital, and Economic Growth in Developing Countries. UNCTAD Discussion Paper 154. UNCTAD, Geneva.
35. Murphy, K., A. Shleifer, and R. Vishny (1989). Industrialization and the Big Push. Journal of Political Economy 97 (5): 1003-1026.
36. Nelson, R.R., and E.S. Phelps (1966). Investment in Humans, Technology Diffusion, and Economic Growth. American Economic Review, Papers and Proceedings 56 (2): 69-75.
37. Pack, H. (1993). Technology Gaps between Industrial and Developing Countries: Are There Dividends for Latecomers? In L. Summers and S. Shah (eds.), Proceedings of the World Bank Annual Conference on Development Economics 1992. Supplement to The World Bank Economic Review and The World Bank Research Observer. Washington, D.C.: World Bank.
38. Papageorgiou, C. (2002a). Technology Adoption, Human Capital, and Growth Theory. Review of Development Economics 6 (3): 351-368.
39. Papageorgiou, C. (2002b). Trade as a Threshold Variable for Multiple Regimes. Economics Letters 77 (1): 85-91.
40. Quah, D. (1993). Empirical Cross-Section Dynamics in Economic Growth. European Economic Review 37 (2/3): 426-434.
41. Quah, D. (1997). Empirics for Growth and Distribution: Stratification, Polarization, and Convergence Clubs. Journal of Economic Growth 2 (1): 27-59.
42. Rattsø, J., and H. Stokke (2003). Learning and Foreign Technology Spillovers in Thailand: Empirical Evidence on Productivity Dynamics. Nordic Journal of Political Economy 29 (1): 47-66.
43. Tinakorn, P., and C. Sussangkarn (1998). Total Factor Productivity Growth in Thailand: 1980-95. Macroeconomic Policy Program, Thailand Development Research Institute (TDRI), Bangkok.
44. Veblen, T. (1915). Imperial Germany and the Industrial Revolution. New York: Macmillan.
45. World Bank (2001). World Development Indicators. CD-ROM Version. Washington, D.C.
46. Xie, X. (1999). Contagion through Interactive Production and Dynamic Effects of Trade. International Economic Review 40 (1): 165-186.
47. Young, A. (1991). Learning by Doing and the Dynamic Effects of International Trade. Quarterly Journal of Economics 106 (2): 369-406.
48. Young, A. (1994). Lessons from the East Asian NICs: A Contrarian View. European Economic Review 38 (3-4): 964-973.