Benhabib, Jess; Perla, Jesse; Tonetti, Christopher - In: Journal of Economic Growth 19 (2014) 1, pp. 1-35
Will fast growing emerging economies sustain rapid growth rates until they “catch-up” to the technology frontier? Are there incentives for some developed countries to free-ride off of innovators and optimally “fall-back” relative to the frontier? This paper models agents growing as a...