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A simple dynamic model of uneven development and overtaking

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2002-10
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Blackwell
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This paper extends the Brezis et al. (1993) Ricardian leapfrogging model by introducing geographically mobile capital and allowing for a wider variety of development patterns. In a two-region economy, localised learning-by-doing causes specialisation and uneven development. Technological change reverses the existing development pattern if the new technology locates in the low-wage region. However, the development pattern may also be reinforced if spillovers between the old and the new technology make the leading region a more attractive location. Capital flows are explicitly analysed and it is furthermore shown that inter-regional transfers may reduce the chance of take-off.
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This is the accepted version of the following article: Desmet, K. (2002), A Simple Dynamic Model of Uneven Development and Overtaking. The Economic Journal, 112(482) 894–918, which has been published in final form at: http://dx.doi.org/10.1111/1468-0297.00071
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The Economic Journal (2002), 112 (482), 894–918