Alvarez-Albelo, Carmen D.; Pigem-Vigo, Monica - In: International Economic Journal 21 (2007) 3, pp. 381-398
This paper shows that an economy can import sustained growth, in spite of not possessing mechanisms to absorb foreign knowledge. To do that, it develops a two-country model of exogenous growth with investment-specific technological change. In autarky, one country sustainably grows while the...