Skip to main content Accessibility help
×
Home
Schumpeterian Analysis of Economic Catch-up
  • Get access
    Check if you have access via personal or institutional login
  • Cited by 123
  • Export citation
  • Recommend to librarian
  • Buy the print book

Book description

One of the puzzles about why some countries have stronger economic growth than others revolves around the so-called 'middle-income trap', the situation in which a country that has grown strongly gets stuck at a certain level. In this book, Keun Lee explores the reasons why examples of successful catching-up are limited and in particular, why the Asian economies, including China, have managed to move, or are moving, beyond middle-income status but economic growth has stalled in some Latin American countries. This is one of the first studies to demonstrate using patent analysis that the secret lies in innovative systems at the firm, sector and country levels which promote investment in what the author calls 'short-cycle' technologies and thereby create a new path different from that of forerunning countries. With its comprehensive policy framework for development as well as useful quantitative methods, this is essential reading for academic researchers and practitioners.

Reviews

‘Based on convincing theoretical and empirical analyses, Professor Lee argues that Korea and Taiwan's success hinges on their shift, after reaching middle-income status in the 1980s, to specialize on shorter cycle technology-based sectors, which rely less on existing technologies, allow their economies to leverage the greater opportunities that arise from the emergence of new technologies, and enable them to continue the catching up process. This book is original, makes important contributions to the development literature, and should be read by anyone concerned about how to help a country overcome the middle-income trap.'

Justin Yifu Lin - Peking University and former Chief Economist, The World Bank

‘This book lays out a convincing new perspective on the conditions behind the remarkable development of manufacturing in South Korea and Taiwan. The well documented argument is that in several of the industries where firms in these countries were very successful, technology at the frontier was going through a transition, with the technology coming in requiring a different set of skills and capabilities than the technology becoming obsolete. This diminished the advantage of the old industrial leaders and provided a window of opportunity for effective entry in these two economies. The story Keun Lee tells is fascinating and thought provoking.'

Richard Nelson - Columbia University

‘The manuscript is original, relevant and impressive because Keun Lee consistently proves his argument with analyses conducted at three connected levels: countries, sectors and firm. [He] inserts findings into a broader discussion of economic catch-up, and on the role of public policy. The book encompasses other large emerging countries that were not (yet) as successful as Korea and Taiwan, such as India and Brazil, or that are on the road of sustained catch-up such as China.'

Franco Malerba - Editor, Industrial and Corporate Change

‘This book is essential reading for any scholar interested in the economics of technological catch-up. While the core argument interestingly emphasizes the length of technological life cycles, Keun Lee here provides a fascinating treatment of the role of different types of firms and countries in the capacity for catch-up.'

John Cantwell - Editor-in-Chief, Journal of International Business Studies

‘Based on a profound theoretical understanding of the process of technological change and using careful and innovative empirical methodologies, the book provides a very sophisticated framework to understand the process of technological innovation and learning at the firm, sectoral, and national levels. It is a path-breaking work that should be read by everyone who is interested in understanding the process of economic development.'

Ha-Joon Chang - University of Cambridge, and author of Kicking Away the Ladder

‘The book presents an original analysis of the catch-up processes pursued by Korea and Taiwan (with a discussion extended to China and India) demonstrating (using patent data analysis) that successful catch-up involves strong attention to targeted knowledge capture and build-up of capabilities. The argument is that catch-up is always strategic, in that there must be smart choices made over which technologies to target, and the role of what are called high, middle and low roads. It is sure to become a classic in the field.'

John Mathews - Macquarie University, and author of Tiger Technology

Refine List

Actions for selected content:

Select all | Deselect all
  • View selected items
  • Export citations
  • Download PDF (zip)
  • Send to Kindle
  • Send to Dropbox
  • Send to Google Drive

Save Search

You can save your searches here and later view and run them again in "My saved searches".

Please provide a title, maximum of 40 characters.
×

Contents

Bibliography
Abramovitz, Moses 1986. “Catching up, Forging Ahead, and Falling Behind,” Journal of Economic History 46(2): 385–406.
Acemoglu, Daron, and Robinson, James A. 2012. Why Nations Fail. New York: Crown Business.
Acemoglu, Daron, Johnson, Simon, and Robinson, James A. 2001. “The Colonial Origins of Comparative Development: An Empirical Investigation,” American Economic Review 91(5): 1369–1401.
Acemoglu, Daron, Johnson, Simon, and Robinson, James A. 2002. “Reversal of Fortune: Geography and Institutions in the Making of the Modern World Income Distribution,” Quarterly Journal of Economics 117(4): 1231–94.
Albert, Michael B. 1998. The New Innovators: Global Patenting Trends in Five Sectors. New York: US Department of Commerce, Office of Technology Policy.
Amann, Edmund, and Cantwell, John (eds.) Innovative Firms in Emerging Market Countries. (Oxford University Press, 2012).
Amsden, Alice 1989. Asia's Next Giant: South Korea and Late Industrialization. Oxford University Press.
Amsden, Alice 2001. The Rise of the Rest. New York: Oxford University Press.
Amsden, Alice, and Chu, Wan-Wen 2003. Beyond Late Development: Taiwan's Upgrading Policies. Cambridge, MA: MIT Press.
Amsden, Alice, and Hikino, Takashi 1994. “Project Execution Capability, Organizational Know-how and Conglomerate Growth in Late Industrialization,” Industrial and Corporate Change 3(1): 111–47.
Anderson, Philip, and Tushman, Michael 1990. “Technological Discontinuity and Dominant Designs: A Cyclical Model of Technological Change,” Administrative Science Quarterly 35(4): 604–33.
Archibugi, D., and Pianta, M. 1992. “Specialization and Size of Technological Activities in Industrial Countries: The Analysis of Patent Data,” Research Policy 21(1): 79–93.
Archibugi, D., and Pianta, M. 1996. “Measuring Technological Change through Patents and Innovation Surveys,” Technovation 16(9): 451–68.
Arellano, M., and Bover, O. 1995. “Another Look at Instrumental Variable Estimation of Error-Component Models,” Journal of Econometrics 68(1): 29–51.
Athreye, S. S. 2005. “Indian Software Industry and its Evolving Service Capability,” Industrial and Corporate Change 14(3): 393–418.
Au, K., Peng, M. W., and Wang, D. 2000. “Interlocking Directorates, Firm Strategies, and Performance in Hong Kong: Towards a Research Agenda,” Asia Pacific Journal of Management 17(1): 29–47.
Baumol, W. J. 1967. “Macro-economics of Unbalanced Growth: The Anatomy of Urban Crisis,” American Economic Review 57(3): 415–26.
Bell, R. M., and Pavitt, K. 1993. “Technological Accumulation and Industrial Growth: Contrasts between Developed and Developing Countries,” Industrial and Corporate Change 2(1): 157–210.
Bergek, Anna, Jacobsson, Staffan, Carlsson, Bo, Lindmark, Sven, and Rickne, Annika 2008. “Analyzing the Functional Dynamics of Technological Innovation Systems: A Scheme of Analysis,” Research Policy 37(3): 407–29.
Bhatnagar, Subhash 2006. “India's Software Industry,” in Chandra, Vandana (ed.), Technology, Adaptation, and Exports: How Some Developing Countries Got it Right, pp. 95–124. Washington, DC: The World Bank.
Blundell, R., and Bond, S. 1998. “Initial Conditions and Moment Conditions in Dynamic Panel Data Models,” Journal of Econometrics 87(1): 115–43.
Bond, S., Hoeffler, A., and Temple, J. 2001. “GMM Estimation of Empirical Growth Models,” Center for Economic Policy Research Discussion Paper 3048.
Breschi, Stefano, Malerba, Franco, and Orsenigo, Luigi 2000. “Technological Regimes and Schumpeterian Patterns of Innovation,” Economic Journal 110(463): 388–410.
Caselli, F., Esquivel, G., and Lefort, F. 1996. “Reopening the Convergence Debate: A New Look at Cross-country Growth Empirics,” Journal of Economic Growth 1(3): 363–89.
Chaminade, Cristina, Intarakumnerd, Patarapong, and Sapprasert, Koson 2012. “Measuring Systemic Problems in National Innovation Systems: An Application to Thailand,” Research Policy 41(8): 1476–88.
Chandra, Vandana, 2006. Technology, Adaptation, and Exports: How Some Developing Countries Got it Right. Washington, DC: The World Bank.
Chang, Ha-Joon 1994. The Political Economy of Industrial Policy. New York: St. Martin's Press.
Chang, S. J. 2003. Financial Crisis and Transformation of Korean Business Groups. Cambridge University Press.
Chang, S., and Hong, J. 2000. “Economic Performance of Group-Affiliated Companies in Korea: Intergroup Resource Sharing and Internal Business Transitions,” Academy of Management Journal 43(3): 429–48.
Cheong, Kwang Soo, Choo, Kineung, and Lee, Keun 2010. “Understanding the Behavior of Business Groups: A Dynamic Model and Empirical Analysis,” Journal of Economic Behavior and Organization 76(2): 141–52.
Choo, K., Lee, K., Ryu, K., and Yoon, J. 2009. “Changing Performance of Business Groups over Two Decades: Technological Capabilities and Investment Inefficiency in Korean Chaebols,” Economic Development and Cultural Change 57(2): 359–86.
Christensen, C. M. 1997. The Innovator's Dilemma: When New Technologies Cause Great Firms to Fail. Boston: Harvard Business School Press.
Chung, Moon Young, and Lee, Keun 2011. “How Absorptive Capacity is Formed? Technology Licensing to Indigenous R&D and Innovation in Korea,” Paper at the Asia-Pacific Economic and Business History Conference 2011, held in Berkeley, California, USA.
Cimoli, Mario, Dosi, Giovanni, and Stiglitz, Joseph E. 2009. Industrial Policy and Development: The Political Economy of Capabilities Accumulation. New York: Oxford University Press.
Clark, Colin 1940. The Conditions of Economic Progress. London: Macmillan.
Cohen, Wesley M., and Levinthal, Daniel A. 1990. “Absorptive Capacity: A New Perspective on Learning and Innovation,” Administrative Science Quarterly 35(1): 128–52.
Commission on Growth and Development 2008. The Growth Report: Strategies for Sustained Growth and Inclusive Development. Washington DC: The World Bank.
Dahlman, C., Westphal, L. E., and Kim, L. 1985. “Reflections on Acquisition of Technological Capability,” in Rosenberg, N. and Frischtak, C. (eds.), International Technology Transfer: Concepts, Measures and Comparisions, pp. 167–221. New York: Praeger.
Dodgson, Mark, Hughes, Alan, Foster, John, and Metcalfe, J. S. 2011. “Systems Thinking, Market Failure, and the Development of Innovation Policy: The Case of Australia,” Research Policy 40(9): 1145–56.
Dosi, G. 1982. “Technological Paradigms and Technological Trajectories: A Suggested Interpretation of the Determinants and Directions of Technical Change,” Research Policy 11(3): 147–62.
Dosi, G. 1988. “Sources, Procedures, and Microeconomic Effects of Innovation,” Journal of Economic Literature 26(3): 1120–71.
Dosi, G., Pavitt, K., and Soete, L. 1990. The Economics of Technical Change and International Trade. New York University Press.
Dosi, G., Freeman, C., Nelson, R., Silverberg, G., and Soete, L. 1988. Technical Change and Economic Theory. London: Pinter Publishers.
D'Souza, J., Megginson, W., and Nash, R. 2005. “Effect of Institutional and Firm-specific Characteristics on Post-privatization Performance: Evidence from Developed Countries,” Journal of Corporate Finance 11(5): 747–66.
Easterly, William 2001. “The Lost Decade: Developing Countries' Stagnation in Spite of Policy Reform 1980–1990,” Journal of Economic Growth 6(2): 135–57.
Edquist, C. 1997. “Systems of Innovation Approaches: Their Emergence and Characteristics,” in Edquist, C., (ed.), Systems of Innovation: Technologies, Institutions and Organizations, pp. 1–35. London: Pinter Publishers/Cassell.
Eichengreen, B., Park, D., and Shin, K. 2011. “When Fast Growing Economies Slow Down,” NBER Working Paper No. 16919.
Eun, Jong-Hak, Lee, K., and Wu, G. 2006. “Explaining the ‘University-run Enterprises’ in China: A Theoretical Framework for University–Industry Relationship in Developing Countries and its Application to China,” Research Policy 35(9): 1329–46.
Fagerberg, Jan, and Godinho, Manuel 2005. “Innovation and Catching-up,” in Mowery, David C., Fagerberg, Jan, and Nelson, Richard R. (eds.), The Oxford Handbook of Innovation, pp. 514–43. New York: Oxford University Press.
Ferris, S. P., Kim, K. A., and Kitsabunnarat, P. 2003. “The Costs (and Benefits?) of Diversified Business Groups: The Case of Korean Chaebols,” Journal of Banking & Finance 27(2): 251–73.
Fink, Carsten, and Maskus, Keith 2005. Intellectual Property and Development. New York: The World Bank and Oxford University Press.
Freeman, Cris 1987. Technology Policy and Economic Performance: Lessons from Japan. London: Pinter Publishers.
Freeman, Cris 1995. “The ‘National System of Innovation’ in Historical Perspective,” Cambridge Journal of Economics 19(1): 5–24.
Freeman, C. and Soete, L. 1997. “Development and the Diffusion of Technology,” in Freeman, C. and Soete, L. (eds.), The Economics of Industrial Innovation, pp. 351–65. London: Pinter Publishers.
Gedajlovic, E. and Shapiro, D. M. 1998. “Management and Ownership Effects: Evidence from Five Countries,” Strategic Management Journal 19(6): 533–53.
Gerschenkron, Alexander 1962. Economic Backwardness in Historical Perspective. Cambridge, MA: Harvard University Press.
Ghemawat, P., and Khanna, T. 1998. “The Nature of Diversified Business Groups: A Research Design and Two Case Studies,” Journal of Industrial Economics 46(1): 35–61.
Glaeser, Edward, La Porta, Rafael, Lopez-de-Silanes, Florencio, and Shleifer, Andrei 2004. “Do Institutions Cause Growth?,” Journal of Economic Growth 9(3): 271–303.
Goto, Akira 1982. “Business Groups in a Market Economy,” European Economic Review 19(1): 53–70.
Granstrand, O., Patel, P., and Pavitt, K. 1997. “Multi-technology Corporations: Why they have ‘Distributed’ rather than ‘Distinctive Core’ Competencies,” California Management Review, 39(4): 8–25.
Granovetter, M. S. 1994. “Business Groups,” in Smelser, N. J. and Swedberg, R. (eds.), Handbook of Economic Sociology, pp. 453–75. Princeton University Press.
Griffith, B. 2011. “Middle Income Trap,” in Nallari, R. et al. (eds.), Frontiers in Development Policy, pp. 39–44. Washington, DC: The World Bank.
Griffith, R., Redding, S. and Van Reenen, J. 2004. “Mapping the Two Faces of R&D: Productivity Growth in a Panel of OECD Industries,” Review of Economics and Statistics 86(4): 883–95.
Griliches, Z. 1990. “Patent Statistics as Economic Indicators: A Survey,” Journal of Economic Literature 28(4): 1661–1707.
Grossman, G. M. and Rossi-Hansberg, E. 2006. “The rise of offshoring: It's not wine for cloth anymore,” Presented at a symposium on The New Economic Geography: Effects and Policy Implications, 59–102.
Guennif, S., and Ramani, S. V. 2012. “Explaining Divergence in Catching-up in Pharma between India and Brazil Using the NSI Framework,” Research Policy 41(2): 430–41.
Guillen, M. 2000. “Business Groups in Emerging Economies: A Resource-based View,” Academy of Management Journal 43(3): 362–80.
Guillen, M. 2001. The Limits of Convergence: Globalization and Organizational Change in Argentina, South Korea, and Spain. Princeton University Press.
Hall, Bronwyn H., Jaffe, A. B., and Trajtenberg, M. 2001. “The NBER Patent Citations Data File: Lesson, Insights and Methodological Tools,” NBER Working Papers 8498.
Hamm, Steve 2007. Bangalore Tiger: How Indian Tech Upstart Wipro is Rewriting the Rules of Global Competition. New Delhi: Tata McGraw-Hill.
Hasan, Iftekhar, and Tucci, Christopher L. 2010. “The Innovation–Economic Growth Nexus: Global Evidence,” Research Policy 39(10): 1264–76.
Hausman, R., Hwang, D., and Rodrik, D. 2007. “What You Export Matters,” Journal of Economic Growth 12(1): 1–25.
Hausmann, R., Pritchett, L., and Rodrik, D. 2005. “Growth Accelerations,” Journal of Economic Growth 10(4): 303–29.
Hausmann, R., Rodrik, D., and Velasco, A. 2008. “Growth Diagnostics,” in Serra, N. and Stiglitz, J. E. (eds.), The Washington Consensus Reconsidered Towards a New Global Governance, pp. 324–55. New York: Oxford University Press.
Hidalgo, C. A., Klinge, B., Barabási, A. L., and Hausmann, R. 2007. “The Product Space Conditions the Development of Nations,” Science 317(5837): 482–7.
Hobday, Michael 1995. Innovation in East Asia: The Challenge to Japan. London: Edward Elgar.
Hobday, Michael 2000. “East versus Southeast Asian Innovation Systems: Comparing OEM- and TNC-led Growth in Electronics,” in Kim, L. and Nelson, R. (eds.), Technology, Learning and Innovation: Experiences of Newly Industrializing Economies, pp. 129–69. Cambridge University Press.
Hobday, Michael 2003. “Innovation in Asian Industrialization: A Gerschenkronian Perspective,” Oxford Development Studies 31(3): 293–314.
Hobday, Michael 2005. “Firm-level Innovation Models: Perspectives on Research in Developed and Developing Countries,” Technology Analysis & Strategic Management 17(2): 121–46.
Hoopes, D. G., Madsen, T. L., and Walker, G. 2003. “Why is There a Resource-based View? Toward a Theory of Competitive Heterogeneity,” Strategic Management Journal 24(10): 889–902.
Hu, A. G. Z., and Jaffe, A. 2003. “Patent Citations and International Knowledge Flow: The Cases of Korea and Taiwan,” International Journal of Industrial Organization 21(6): 849–80.
Imbs, Jean, and Wacziarg, Romain 2003. “Stages of Diversification,” American Economic Review 93(1): 63–86.
Islam, N. 1995. “Growth Empirics: A Panel Data Approach”, Quarterly Journal of Economics 110(4): 1127–70.
Jaffe, Adam B., and Trajtenberg, M. 2002. Patents, Citations, and Innovations: A Window on the Knowledge Economy. Cambridge, MA: MIT Press.
Jaffe, Adam B., Trajtenberg, M., and Forgaty, M. S. 2000. “Knowledge Spillovers and Patent Citations: Evidence from A Survey of Inventors,” American Economic Review 90(2): 215–18.
Jaffe, Adam B., Trajtenberg, M., and Henderson, R. 1993. “Geographic Localization of Knowledge Spillovers as Evidenced by Patent Citations,” Quarterly Journal of Economics 108(3): 577–98.
Jee, M., Choi, E.-H., Lee, N., Kim, S.-J., and Paik, G. H. 2005. Development of China's Firms and Industries: The Impacts on Korea (in Korean). Seoul: Korea Institute for International Economic Policy.
Jensen, J. B., and McGuckin, R. H. 1997. “Firm Performance and Evolution: Empirical Regularities in the US Microdata,” Industrial and Corporative Changes 6(1): 25–47.
Jensen, M., Johnson, B., Lorenz, E. and Lundvall, B.-A. 2007. “Forms of Knowledge, Modes of Innovation and Innovation Systems,” Research Policy 36(5): 680–93.
Jones, Benjamin F., and Olken, Benjamin A. 2005. “The Anatomy of Start-Stop Growth,” NBER Working Papers 11528.
Jones, Benjamin F. and Weinberg, Bruce A. 2001. “Age Dynamics in Scientific Creativity.” PNAS (Proceedings of the National Academy of the Sciences) 108 (November 22): 18,910–14.
Joo, S. H., and Lee, K. 2010. “Samsung's Catch-up with Sony: An Analysis Using US Patent Data,” Journal of the Asia Pacific Economy 15(3): 271–87.
Jung, Moosup, and Lee, Keun 2010. “Sectoral Systems of Innovation and Productivity Catch-up: Determinants of the Productivity Gap Between Korean and Japanese Firms,” Industrial and Corporate Change 19(4): 1037–69.
Keister, Lisa A. 1998. “Engineering Growth: Business Group Structure and Firm Performance in China's Transition Economy,” American Journal of Sociology 104(2): 404–40.
Khan, Haider 2002. “Innovation and Growth: A Schumpeterian Model of Innovation applied to Taiwan,” Oxford Development Studies 30(3): 289–306.
Khanna, T. 2000. “Business Groups and Social Welfare: Existing Evidence and Unanswered Questions,” European Economic Review 44(4): 748–61.
Khanna, T., and Palepu, K. 1997. “Why Focused Strategies may be Wrong for Emerging Markets,” Harvard Business Review 75(4): 41–8.
Khanna, T., and Palepu, K. 1999a. “The Right Way to Restructure Conglomerates in Emerging Markets,” Harvard Business Review 77(4): 125–35.
Khanna, T., and Palepu, K. 1999b. “Policy Shocks, Market Intermediaries, and Corporate Strategy: Evidence from Chile and India,” Journal of Economics and Management Strategy 8(2): 271–310.
Khanna, T., and Palepu, K. 2000a. “Is Group Affiliation Profitable in Emerging Markets: An Analysis of Indian Diversified Business Groups,” Journal of Finance 55(2): 867–91.
Khanna, T., and Palepu, K. 2000b. “The Future of Business Groups: Long Run Evidence from Chile,” Academy of Management Journal 43(3): 268–85.
Khanna, T., and Yafeh, Y. 2007. “Business Groups in Emerging Markets: Paragons or Parasites?,” Journal of Economic Literature 45(2): 331–72.
Kim, Linsu 1997a. Imitation to Innovation: The Dynamics of Korea's Technological Learning. Boston: Harvard Business School Press.
Kim, Linsu 1997b. “The Dynamics of Samsung's Technological Learning in Semi-Conductors,” California Management Review 39(3): 86–100.
Kim, Linsu 1980. “Stages of Development of Industrial Technology in a Developing Country: A Model,” Research Policy 9(3): 254–77.
Kim, C. W., and Lee, K. 2003. “Innovation, Technological Regimes, and Organizational Selection in Industry Evolution: A ‘history friendly model’ of DRAM industry”, Industrial and Corporate Change 12(5): 1195–1221.
Kim, S. J., and Kim, Y. 2000. “Growth Gains from Trade and Education,” Journal of International Economics 50(2): 519–45.
Kim, Yee Kyoung, Lee, Keun, Park, Walter G., and Choo, Kineung 2012. “Appropriate Intellectual Property Protection and Economic Growth in Countries at Different Levels of Development,” Research Policy 41(2): 358–75.
Knack, Stephen and Keefer, Philip 1995. “Institutions and Economic Performance: Cross-Country Tests Using Alternative Institutional Measures,” Economics and Politics 7(3): 207–27.
Kodama, Fumio 1992. “Technology Fusion and the New R&D,” Harvard Business Review 70(4): 70–8.
Krishnan, T. R., and Vallabhaneni, S. K. 2010. “Catch-up in Technology-driven Services: The Case of the Indian Software Services Industry,” Seoul Journal of Economics 23(2): 263–81.
Lall, Sanjaya 1992. “Technological Capabilities and Industrialization,” World Development 20(2): 165–86.
Lall, Sanjaya 2000. “The Technological Structure and Performance of Developing Country Manufactured Exports, 1985–1998,” Oxford Development Studies 28(3): 337–69.
Laursen, K., and Meliciani, V. 2002. “The Relative Importance of International vis-à-vis National Technological Spillovers for Market Share Dynamics,” Industrial and Corporate Change 11(4): 875–94.
Lee, J., and Shim, E. 1995. “Moderating Effects of R&D on Corporate Growth in US and Japanese Hitech Industries: An Empirical Study,” The Journal of High Technology Management Research 6(2): 179–91.
Lee, K. 2005. “Making a Technological Catch-up: Barriers and Opportunities,” Asian Journal of Technology Innovation 13(2): 97–131.
Lee, K. 2006. “The Washington Consensus and East Asian Sequencing: Understanding Reform in East and South Asia,” in Fanelli, J. and McMahon, G. (eds.), Understanding Market Reforms. Volume II: Motivation, Implementation and Sustainability, pp. 99–140. Gordonsville, US: Palgrave MacMillan.
Lee, K. 2010. “Thirty Years of Catch-up in China, compared with Korea,” in Wu, Ho-Mao and Yao, Yang (eds.), Reform and Development in New Thinking in Industrial Policy China, pp. 224–42. New York: Routledge.
Lee, K. 2013 (forthcoming). “Capability Failure and Industrial Policy to Move beyond the Middle-Income Trap: From Trade-based to Technology-based Specialization,” in Lin, J. and Stiglitz, J. (eds.), New Thinking in Industrial Policy. Palgrave.
Lee, K., and He, X. 2009. “Capability of the Samsung Group in Project Execution and Vertical Integration: Created in Korea and Replicated in China,” Asian Business & Management 8(3): 277–99.
Lee, K., and Kang, Young-Sam 2010. “Business Groups in China,” in Colpan, Asli, Hikino, Takashi, and Lincoln, James (eds.), Oxford Handbook of Business Groups, pp. 210–36. Oxford University Press.
Lee, K., and Ki, Jeehoon 2011. “Changes in Industrial Leadership and Catch-Up by Latecomers: Toward a Theory of Catch-up Cycle from the Case in the World Steel Industry,” Presented at a seminar held in the UNU-MERIT, Netherlands, and also at the Asia-Pacific Economic Association in Busan.
Lee, K., and Kim, B.-Y. 2009. “Both Institutions and Policies Matter but Differently at Different Income Groups of Countries: Determinants of Long Run Economic Growth Revisited,” World Development 37(3): 533–49.
Lee, K., and Kim, Y. K. 2010. “IPR and Technological Catch-Up in Korea,” in Odagiri, Hiroyuki, Goto, Akira, Sunami, Atsushi, Nelson, Richard R. (eds.), Intellectual Property Rights, Development, and Catch Up: An International Comparative Study, pp. 133–62. Oxford University Press.
Lee, K., and Lim, C. 2001. “Technological Regimes, Catching-up and Leapfrogging: Findings from the Korean Industries,” Research Policy 30(3): 459–83.
Lee, K., and Mathews, J. 2010. “From the Washington Consensus to the BeST Consensus for World Development,” Asian-Pacific Economic Literature 24(1): 86–103.
Lee, K., and Mathews, J. 2012. “Ch 6. Firms in Korea and Taiwan: Upgrading in the Same Industry and Entries into New Industries for Sustained Catch-up,” in Cantwell, John and Amann, Ed (eds.), The Innovative firms in the Emerging Market Economies, pp. 223–48. Oxford University Press.
Lee, K., and Temesgen, T. 2009. “What Makes Firms Grow in Developing Countries? An Extension of the Resource-based Theory of Firm Growth and Empirical Analysis,” International Journal of Technological Learning, Innovation and Development 2(3): 139–72.
Lee, K., and Yoon, M. 2010. “International, Intra-national, and Inter-firm Knowledge Diffusion and Technological Catch-up: The US, Japan, Korea, and Taiwan in the Memory Chip Industry,” Technology Analysis and Strategic Management 22(5): 553–70.
Lee, K., Cho, S.-J., and Jin, J. 2009. “Dynamics of Catch-up in Mobile Phones and Automobiles in China: Sectoral Systems of Innovation Perspective,” China Economic Journal 2(1): 25–53.
Lee, K., Jee, M., and Eun, J. H. 2011. “Assessing China's Economic Catch-Up at the Firm Level and Beyond: Washington Consensus, East Asian Consensus and the Beijing Model,” Industry and Innovation 18(5): 487–507.
Lee, K., Kim, J. Y., and Lee, O. 2010. “Long-term Evolution of the Firm Value and Behavior of Business Groups: Korean Chaebols between Weak Premium, Strong Discount, and Strong Premium,” Journal of the Japanese and International Economies 24(3): 412–40.
Lee, K., Lim, C., and Park, D. 2003. The Role of Industrial Property Rights in Technological Development in the Republic of Korean. Geneva: WIPO.
Lee, K., Lim, C., and Song, W. 2005. “Emerging Digital Technology as a Window of Opportunity and Technological Leapfrogging: Catch-up in Digital TV by the Korean Firms,” International Journal of Technology Management 29(1–2): 40–63.
Lee, K., Lin, J., and Chang, H. 2005. “Late Marketization vs. Late Industrialization: Convergence or Divergence in East Asia,” Asian-Pacific Economic Literature 19(1): 42–59.
Lee, K., Mani, S., and Mu, Q. 2012. “Divergent Stories of Catch-up in Telecom: China, India, Brazil, and Korea,” in Malerba, F. and Nelson, R. (eds.), Economic Development as a Learning Process, pp. 21–71. Cheltenham, UK: Edward Elgar.
Lee, K., Park, T. Y. and Krishnan, Rishikesha 2011. “Catching-up or Leapfrogging in the Indian IT Service Sector: Windows of Opportunity, Path-creating, and Moving up the Value Chain,” Revised version of the paper presented at the Asialics Conference held in Taipei.
Lee, K., Kim, B.-Y., Park, Y.-Y., and Sanidas, E. 2013. “Big Business and National Economic Growth,” Journal of Comparative Economics 41:2, 561–82.
Leff, Nathaniel H. 1978. “Industrial Organization and Entrepreneurship in the Developing Countries: The Economic Groups,” Economic Development and Cultural Change 26(4): 661–75.
Levin, R., Klevorik, A., Nelson, R., and Winter, S. 1987. “Appropriating Returns from Industrial Research and Development,” Brookings Papers on Economic Activity 1987(3): 783–831.
Lin, Justin Y. 2012a. New Structural Economics: A Framework for Rethinking Development and Policy. Washington, DC: The World Bank.
Lin, Justin Y. 2012b. Demystifying the Chinese Economy. Cambridge University Press.
Lin, Justin Y. 2012c. The Quest for Prosperity: How Developing Economies Can Take Off. Princeton University Press.
Linden, G., Kraemer, K., and Dedrick, J. 2007. “Who Captures Value in a Global Innovation System? The Case of Apple's iPod,” Personal Computing Industry Center (PCIC) Working Paper.
Loayza, Norman, Fajnzylber, Pablo, and Calderon, Cesar 2005. Economic Growth in Latin America and the Caribbean, Washington, DC: The World Bank.
Lu, Qiwen 2000. China's Leap into the Information Age: Innovation and Organization in the Computer Industry. Oxford University Press.
Lucas, Robert 1988. “On the Mechanics of Economic Development,” Journal of Monetary Economics 22(1): 3–42.
Lundvall, Bengt-Ake 1992. National Systems of Innovation: Towards a Theory of Innovation and Interative Learning. London: Pinter Publishers.
Lundvall, Bengt-Ake 1993. “User-Producer Relationships, National Systems of Innovation and Internationalization,” Ch. 12 in Foray, D. and Freeman, C. (eds.), Technology and the Wealth of Nations: The Dynamics of Constructed Advantage, pp. 277–300. London, New York: Pinter Publishers.
Lundvall, Bengt-Ake, Vang, Jan, Joseph, K. J., and Chaminade, Cristina 2009. “Innovation System Research and Developing Countries,” in Lundvall, Bengt-Ake, Joseph, K. J., Chaminade, Cristina and Vang, Jan (eds.), Handbook of Innovation Systems and Developing Countries, pp. 1–32. Cheltenham, UK/Northampton, US: Edward Elgar.
Madhani, P. M. 2008. “Indian Software Success Story: A Resource-based View of Competitive Advantage,” The Icfaian Journal of Management Research 7(8): 61–83.
Mahmood, Ishtiaq P., and Singh, Jasjit 2003. “Technological Dynamism in Asia,” Research Policy 32(6): 1031–54.
Malerba, Franco 2002. “Sectoral Systems of Innovation and Production,” Research Policy 31(2): 247–64.
Malerba, Franco 2004. Sectoral Systems of Innovation: Concepts, Issues and Analyses of Six Major Sectors in Europe. Cambridge University Press.
Malerba, F., and Nelson, R. 2012. Economic Development as a Learning Process. Cheltenham: Edward Elgar.
Malerba, F., and Orsenigo, L. 1996. “Schumpeterian Patterns of Innovation are Technology-specific,” Research Policy 25(3): 451–78.
Malerba, F., Orsenigo, L., and Peretto, P. 1997. “Persistence of Innovative Activities, Sectoral Patterns of Innovation and International Technological Specialization,” International Journal of Industrial Organization 15(6): 801–26.
Mathews, John A. 2002a. “Competitive Advantages of the Latecomer Firm: A Resource-based Account of Industrial Catch-up Strategies,” Asia Pacific Journal of Management 19(4): 467–88.
Mathews, John A. 2002b. “The Origins and Dynamics of Taiwan's R&D Consortia,” Research Policy 31(4): 633–51.
Mathews, John A. 2005. “Strategy and the Crystal Cycle,” California Management Review 47(2): 6–32.
Mathews, John A. 2008a. “Energizing Industrial Development,” Transnational Corporations 17(3): 59–83.
Mathews, John A. 2008b. “China, India and Brazil: Tiger Technologies, Dragon Multinationals and the Building of National Systems of Economic Learning,” Asian Business & Management 8(1): 5–32.
Mazzoleni, R., and Nelson, R. 2007. “The Roles of Research at Universities and Public Labs in Economic Catch-up,” Research Policy 36(10): 1512–28.
Meliciani, V. 2002. “The Impact of Technological Specialisation on National Performance in a Balance-of-Payments-Constrained Growth Model,” Structural Change and Economic Dynamics 13(1): 101–18.
Metcalfe, J. S. 2005. “Systems Failure and the Case for Innovation Policy,” in Llerena, Patrick, Matt, Mireille, Avadikyan, Arman (eds.), Innovation Policy in a Knowledge-based Economy: Theory and Practice, pp. 47–74. Germany: Springer.
Mizuho Corporate Bank 2008. Mizuho Industry Research: India-based Globalization in the IT Services Industry 28(2). Tokyo: Industry Research Division of Mizuho Corporate Bank.
Morel, C. M., Acharya, T., Broun, D., Dangi, A., Elias, C., Ganguly, N. K., Gardner, C. A., Gupta, R. K., Haycock, J. and Heher, A. D. 2005. “Health Innovation Networks to Help Developing Countries Address Neglected Diseases,” Science 309 (5733): 401–4.
Mu, Qing, and Lee, Keun 2005. “Knowledge Diffusion, Market Segmentation and Technological Catch-up: The Case of the Telecommunication Industry in China,” Research Policy 34(6): 759–83.
Naughton, Barry 2007. The Chinese Economy: Transitions and Growth. Cambridge, MA: The MIT Press.
Nelson, R. 1991. “Why Do Firms Differ and How Does it Matter?,” Strategic Management Journal 12(S2): 61–74.
Nelson, R. 1993. National Innovation Systems: A Comparative Analysis. New York: Oxford University Press.
Nelson, R. 1995. “Recent Evolutionary Theorizing about Economic Change,” Journal of Economic Literature 33(1): 48–90.
Nelson, R. 2008a. “Economic Development from the Perspective of Evolutionary Economic Theory,” Oxford Development Studies 36(1): 9–21.
Nelson, R. 2008b. “What Enables Rapid Economic Progress: What are the Needed Institutions?,” Research Policy 37(1): 1–11.
Nelson, R. 2008c. “Why Do Firms Differ and How Does it Matter? A Revisitation,” Seoul Journal of Economics 21(4): 607–19.
Nelson, R., and Pack, H. 1999. “The Asian Miracle and Modern Growth Theory,” Economic Journal 109(457): 416–36.
Nelson, R., and Winter, S. 1982. An Evolutionary Theory of Economic Change. Cambridge, MA: Harvard University Press.
Nolan, Peter 2002. “China and the Global Business Revolution,” Cambridge Journal of Economics 26(1): 119–37.
Nonaka, Ikujiro, and Takeuchi, Hirotaka 1995. The Knowledge-Creating Company: How Japanese Companies Create the Dynamics of Innovation. New York: Oxford University Press.
Odagiri, Hiroyuki, Goto, Akira, Sunami, Atsushi and Nelson, Richard R. 2010. Intellectual Property Rights, Development, and Catch-up: An International Comparative Study. Oxford University Press.
OECD 1992. Technology and Economy: The Key Relationships. Paris: OECD.
OECD 1994. The Measurement of Scientific and Technological Activities Using Patent Data as Science and Technology Indicators (Patent Manual).
OECD 1996. Reviews of National Science and Technology Policy: Republic of Korea. Paris: OECD.
Ohno, K. 2010. “Overcoming the Middle Income Trap,” in Yueh, L. (ed.), Future of Asian Trade and Growth, pp. 199–221. London: Routledge.
Ok, Woosuk 2010. “Growth of the Indian Economy and Service Industry,” ch. 3 in Lee, Keun (ed.), Comparison of IT Service Industry of India and Korea (in Korean), pp. 18–61. Seoul: STEPI.
Park, K., and Lee, K. 2006. “Linking Technological Regimes and Technological Catch-up: Analysis of Korea and Taiwan using the US Patent Data,” Industrial and Corporate Change 15(4): 715–53.
Patel, P., and Pavitt, K. 1997. “The Technological Competencies of World's Largest Firms: Complex and Path-dependent, but not Much Variety,” Research Policy 26(2): 141–56.
Paus, E. 2009. “Latin America's Middle Income Trap,” Americas Quarterly, .
Pavitt, K. 1985. “Patent Statistics as Indicators of Innovative Activities: Possibilities and Problems,” Scientometrics 7(1–2): 77–99.
Penrose, E. T. 1995[1959]. The Theory of the Growth of the Firm. New York: Oxford University Press.
Perez, Carlota 2008. “A Vision for Latin America: A Resource-based Strategy for Technological Dynamism and Social Inclusion,” Globelics Working Paper No. WPG0804.
Perez, C., and Soete, L. 1988. “Catching-up in Technology: Entry Barriers and Windows of Opportunity,” in Dosi, et al. (eds.), Technical Change and Economic Theory, pp. 458–79. London: Pinter Publishers.
Posner, M. V. 1961. “International Trade and Technical Change,” Oxford Economic Papers 13(3): 323–41.
Rabellotti, Roberta 2006. Upgrading to Compete: Global Value Chains, Clusters and SMEs in Latin America. Washington, DC: IDB.
Ramo, Joshua C. 2004. Beijing Consensus. London: Foreign Policy Center.
Rasiah, Rajah 2006. “Electronics in Malaysia: Export Expansion but Slow Technical Change,” in Chandra, Vandana (ed.), Technology, Adaptation, and Exports: How Some Developing Countries Got it Right, pp. 127–62. Washington, DC: The World Bank.
Raustiala, Kal, and Sprigman, Christopher 2012. The Knockoff Economy: How Imitation Sparks Innovation. New York: Oxford University Press.
Reinert, Erik 2009. “Emulation versus Comparative Advantages: Competing and Complementary Principles in the History of Economic Policy,” in Cimoli, M., Dosi, G., and Stiglitz, J. (eds.), Industrial Policy and Development: The Political Economy of Capabilities Accumulation, pp. 79–106. Oxford and New York: Oxford University Press.
Rodrik, Dani 1996. “Understanding Economic Policy Reforms,” Journal of Economic Literature 34(1): 9–41.
Rodrik, Dani 1999. “Where Did All the Growth Go? External Shocks, Social Conflict, and Growth Collapses,” Journal of Economic Growth 4(4): 385–412.
Rodrik, Dani 2003. In Search of Prosperity: Analytic Narratives on Economic Growth. Princeton University Press.
Rodrik, Dani 2006. “Goodbye Washington Consensus Hello Washington Confusion? A Review of the World Bank's Economic Growth in the 1990s: Learning from a Decade of Reform,” Journal of Economic Literature 44(4): 973–87.
Rodrik, Dani 2008. “Understanding South Africa's Economic Puzzles,” The Economics of Transition, The European Bank for Reconstruction and Development, 16(4): 769–97.
Rodrik, Dani, Subramanian, Arvind, and Trebbi, Francesco 2004. “Institutions Rule: The Primacy of Institutions Over Geography and Integration in Economic Development,” Journal of Economic Growth 9(2): 131–65.
Romijin, H., and Caniëls, M. 2011. “Pathways of Technological Change in Developing Countries: Review and New Agenda,” Development Policy Review 29(3): 359–80.
Schott, P. 2004. “Across-Product versus Within-Product Specialization in International Trade,” Quarterly Journal of Economics 119(2): 647–78.
Senge, P. 1992. The Fifth Discipline: The Art and Practice of the Learning Organization. New York: Doubleday.
Shin, Hochul, and Lee, Keun 2012. “Asymmetric Protection Leading not to Productivity but Export Share Changes: The Case of Korean Industries, 1967–1993,” Economics of Transition 20(4): 745–85.
Spence, Michael 2011. The Next Convergence: The Future of Economic Growth in a Multispeed World. New York: FSG Books.
Srholic, M., and Fagerberg, J. 2010. “What Capabilities Does it Take to Escape the Low-growth Trap,” Paper presented at the 2010 International Schumpeterian Society Conference, held in Aalborg, June 21–4.
Stolpe, Michael 2002. “Determinants of Knowledge Diffusion as Evidenced in Patent Data: The Case of Liquid Crystal Display Technology,” Research Policy 31(7): 1181–98.
Sturgeon, Timothy, and Gereffi, Gary 2012. “Measuring Success in the Global Economy: International Trade, Industrial Upgrading, and Business Function Outsourcing in Global Value Chains,” in Pietrobelli, C. and Rasiah, (eds.), Evidence-Based Development Economics, pp. 249–80. Kuala Lumpur: University of Malaya Press.
Teece, David 1986. “Profiting from Technological Innovation: Implications for Integration, Collaboration, Licensing and Public Policy,” Research Policy 15(6): 285–305.
Teece, David 2000. “Firm Capabilities and Economic Development,” in Kim, L. and Nelson, R. (eds.), Technology, Learning and Innovation, pp. 105–128. Cambridge University Press.
Trajtenberg, Manuel 2001. “Innovation in Israel 1968–97: A Comparative Analysis Using Patent Data,” Research Policy 30(3): 363–89.
Trajtenberg, Manuel, Henderson, Rebecca, and Jaffe, Adam B. 1997. “University vs. Corporate Patents: A Window on the Basicness of Innovations,” Economics of Innovation and New Technology 5(1): 19–50.
Tushman, Michael, and Anderson, Philip 1986. “Technological Discontinuity and Organizational Environments,” Administrative Science Quarterly 31(3): 439–65.
Tybout, J. 2000. “Manufacturing Firms in Developing Countries: How Well do They do, and Why?,” Journal of Economic Literature 38(1): 11–44.
Utterback, J. M., and Abernathy, W. J. 1975. “A Dynamic Model of Process and Product Innovation,” Omega 3(6): 640–56.
Vernon, Raymond 1966. “International Investment and International Trade in the Product Cycle,” The Quarterly Journal of Economics 80(2): 190–207.
Verspagen, Bart 1991. “A New Statistical Approach to Catching Up or Falling Behind,” Structural Change and Economic Dynamics 2(1991): 359–80.
Wang, Zhi, Wei, Shang-Jin, Wong, Anna 2010. “Does a Leapfrogging Growth Strategy Raise Growth Rate? Some International Evidence,” NBER Working Paper No. 16390.
Williamson, John 1990. “What Washington means by policy reform”, in Williamson, J. (ed.), Latin American Adjustment: How Much Has Happened?, Washington, DC: Institute for International Economics.
Williamson, John 2012. “Some Basic Disagreements on Development,” Presentation at High-Level Knowledge Forum on Expanding the Frontiers in Development Policy, hosted by the KDI, held in Seoul.
Winter, S. 1984. “Schumpeterian Competition in Alternative Technological Regimes,” Journal of Economic Behavior and Organization 5(3–4): 287–320.
Winter, S. 2006. “Toward a neo-Schumpeterian Theory of the Firm,” Industrial and Corporate Change 15(1): 125–41.
Winters, A., and Yusuf, S. 2007. Dancing with Giants: China, India and the Global Economy. Washington, DC: The World Bank.
WIPO 2012. Economics of IP (Intellectual Property) in the Republic of Korea. Geneva: WIPO.
World Bank 1993. The East Asian Miracle: Economic Growth and Public Policy. New York: Oxford University Press.
World Bank 2005. Economic Growth in the 1990s: Learning from a Decade of Reform. Washington, DC: The World Bank.
World Bank 2010. ‘Exploring the Middle-Income-Trap’: World Bank East Asia Pacific Economic Update: Robust Recovery, Rising Risks, Vol. II. Washington, DC: The World Bank.
World Bank 2012. China 2030: Building a Modern, Harmonious, and Creative High-Income Society. Washington, DC: The World Bank.
Yao, Y. 2010. “The End of the Beijing Consensus? Can China's Model of Authoritarian Growth Survive?,” Foreign Affairs Online 2.
Yusuf, S., and Nabeshima, K. 2009. “Can Malaysia Escape the Middle Income Trap? A Strategy for Penang,” Policy Research Working Paper 4971, Washington, DC: The World Bank.
Zeng, Ming, and Williamson, Peter 2007. Dragons at Your Door: How Chinese Cost Innovation is Disrupting Global Competition. Boston: Harvard Business School Press.

Metrics

Altmetric attention score

Full text views

Total number of HTML views: 0
Total number of PDF views: 0 *
Loading metrics...

Book summary page views

Total views: 0 *
Loading metrics...

* Views captured on Cambridge Core between #date#. This data will be updated every 24 hours.

Usage data cannot currently be displayed.