Department of Economics

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Export sophistication and catching up.
(2010-10-08T16:31:16Z) Vogelgesang, James W.; Pham, Van Hoang.; Economics.; Baylor University. Dept. of Economics.
The catching up model predicts that countries who continue to increase technology through economic policies will experience sustained growth and success in closing the gap between themselves and the current technology leader. Countries that adopt these policies are expected to grow at faster and more sustainable rates than the technology leader. Those changes will allow them to improve their development level and overall quality of life. The results of the analysis indicate that the countries that open their borders and create strong infrastructure will be able to sustain economic growth through improvement of the sophistication of their exports and generate a higher standard of living. Through case studies on Viet Nam, India, Brazil and China and an empirical analysis shows that countries can experience rapid growth through technology transfer and that change helps develop their economy both socially and financially.