TY - JOUR
T1 - Economic growth, leadership and capital flows: The leapfrogging effect
T2 - The leapfrogging effect
AU - Brezis, Elise S.
AU - Tsiddon, Daniel
N1 - Copyright:
Copyright 2017 Elsevier B.V., All rights reserved.
PY - 1998/1/1
Y1 - 1998/1/1
N2 - The leapfrogging effect has been analysed in a model without capital. However, history has shown numerous cases in which countries lost economic leadership at the same time as they were exporting capital. This work focuses on the interaction between international capital flows, economic growth and the transmission of leadership. We show that capital mobility is at the heart of the adoption of new technologies. Malfunctioning international capital markets that prevent capital imports may delay adoption of the new technology by the lagging country and may postpone or even prevent leapfrogging that would have occurred in the case of free flows of capital. The model shows that capital mobility smooths passing the baton in the relay race for economic leadership. © Routledge 1998.
AB - The leapfrogging effect has been analysed in a model without capital. However, history has shown numerous cases in which countries lost economic leadership at the same time as they were exporting capital. This work focuses on the interaction between international capital flows, economic growth and the transmission of leadership. We show that capital mobility is at the heart of the adoption of new technologies. Malfunctioning international capital markets that prevent capital imports may delay adoption of the new technology by the lagging country and may postpone or even prevent leapfrogging that would have occurred in the case of free flows of capital. The model shows that capital mobility smooths passing the baton in the relay race for economic leadership. © Routledge 1998.
KW - Growth
KW - International capital flows
KW - Leadership
KW - Leapfrogging
KW - Learning-by-doing
KW - Technological progress
UR - http://www.scopus.com/inward/record.url?scp=31770705&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/record.url?scp=0031770705&partnerID=8YFLogxK
UR - https://scholar.google.co.il/scholar?q=%09Economic+Growth%2C+Leadership+and+Capital+Flows%3A+the+Leapfrogging+Effect++&btnG=&hl=en&as_sdt=0%2C5
U2 - 10.1080/09638199800000014
DO - 10.1080/09638199800000014
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SN - 0963-8199
VL - 7
SP - 261
EP - 277
JO - Journal of International Trade and Economic Development
JF - Journal of International Trade and Economic Development
IS - 3
ER -
