Abstract
In the decades during which the topic of catching up has received attention, two approaches and explanations have emerged that explain the catch-up process in the world. One approach is based on growth accounting. Using patents as an index for innovation capability, it has been used to find the key factors that determine catching-up processes in developing or newly developed countries. Furman and Hayes (2004) try to analyse this question in a qualitative way. Based on the growth model of Romer (1990), the theory of national competitive advantage (Porter, 1990) and national innovation systems (Nelson, 1993), they build a new framework and find that the factors behind catching up or standing still are the development of innovation-enhancing policies and infrastructure and the ever-increasing financial and human capital investment in innovation. However, their approach cannot explain country-specific factors in catching up. How can those factors work together to achieve the fast catch-up which has been achieved by some countries such as China?
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Liu, X. (2010). China’s Catch-up and Innovation Model: A Case of the IT industry. In: Fu, X., Soete, L. (eds) The Rise of Technological Power in the South. Palgrave Macmillan, London. https://doi.org/10.1057/9780230276123_5
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DOI: https://doi.org/10.1057/9780230276123_5
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