Template-type: ReDif-Paper 1.0
Author-Name: Verspagen, Bart
Author-Email: verspagen@merit.unu.edu 
Author-workplace-name: UNU-MERIT, and Maastricht University, SBE
Author-Name: Kaltenberg, Mary
Author-Email: kaltenberg@merit.unu.edu
Author-workplace-name: UNU-MERIT
Title: Catching-up in a globalised context: Technological change as a driver
	 of growth
Abstract: 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: Innovation, Technological Change, Economic development, Economic Growth,
	 Structural change, International Trade, Convergence, Input-Output analysis
Classification-JEL: C67, F14, F62, O11, O12, O30, O47
Series: UNU-MERIT Working Papers
Creation-Date: 20151201
Number: 2015-049
File-URL: https://unu-merit.nl/publications/wppdf/2015/wp2015-049.pdf
File-Format: application/pdf
File-Size: 275 kb
Handle: RePEc:unm:unumer:2015049