Working Paper #2015-049
Catching-up in a globalised context: Technological change as a driver of growth
This paper aims to understand the role that technology plays,
particularly in structural change, as a driver of economic growth.
Noting the exceptional few countries that succeeded in becoming a
developed state and the accelerated period of globalisation (1995 -
2009), we analyse growth patterns at the product, sectoral and
macroeconomic levels. Utilising trade data, we detail the type of
complex products exported as a reflection of a nation's latent
capabilities. At the sectoral level, technological shifts are observed
through a TFP analysis to understand how countries use technological
progress at varying development stages to realise economic growth.
Finally, we use input-output analysis for a macroeconomic perspective on
the impact of globalisation on production by sector and on demand
patterns of foreign and domestic markets, both globally and regionally.
- Keywords
-
- Technological Change
- Development and Economic Growth
- Structural change
- International Trade
- Convergence
- JEL codes
-
- F620
- O300
- O470
Cite this as
APA 7th ed.Verspagen, B., & Kaltenberg, M. (2015). Catching-up in a globalised context: Technological change as a driver of growth (UNU-MERIT Working Paper No. 2015-049). UNU-MERIT. https://unu-merit.nl/publications/working-papers/abstract/?id=5887