January 2004
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9 Reads
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4 Citations
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January 2004
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9 Reads
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4 Citations
... Catch-up has long been in the interests of managers, economists, and policymakers. Any catch-up implies an increase in productivity in the lagging firm, or a rise in gross domestic product (GDP) and possibly social welfare in the backward economy, and the emergence of new economic power helps lift the entire global economy (Mandel, 2004). The catch-up hypothesis (CUH) developed by Gerschenkron (1962), Abramovitz (1986) and Maddison (1979), among others, suggests that a firm or country behind the world innovation frontier can grow faster by imitating technologies already developed in technologically more advanced economies. ...
January 2004