Catching up or standing still?

By Jeffrey L. Furman, Richard D. Hayes. 2004

246 citations recorded by the source corpus.

Over the final two decades of the 20th century, a number of formerly industrializing economies and historical imitator countries achieved levels of innovative capacity commensurate with or greater than those of some economies that were historically more innovative. We investigate the factors that enabled such emerging innovator economies to achieve successful catch-up while some historically more innovative countries experienced relative declines in innovative productivity. We focus our analysis on the estimation of a production function for innovations at the world’s technical frontier. Based on the results of this analysis, we classify countries into categories reflecting their historical levels of innovative capacities and develop counterfactual indices that identify the factors that correspond to long-run improvements in innovative roductivity. These exercises suggest that the development of innovation-enhancing policies and infrastructures are necessary for achieving innovative leadership, but that these are insufficient unless coupled with ever-increasing financial and human capital investments in innovation. © 2004 Published by Elsevier B.V.

Subfields: Economics and Econometrics

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In Economics and Econometrics

Citations in the corpus

National innovation systems, capabilities and economic development (2008, background): “For instance, Furman, Porter and Stern (2002) and Furman and Hayes (2004) have suggested to measure a country’s innovation system (or its “innovative capacity” as they put it) through the number of patents that its population generates and find that there are large differences in this respect…”
The Contribution of Skilled Immigration and International Graduate Students to U.S. Innovation (2005, background): “However, as other countries such as Singapore improve their offerings of scientific graduate education (Furman and Hayes, 2004; Koh and Wong, 2005) and encourage them to stay on after graduation, 27 visa restrictions in the United States could have adverse implications for competitiveness.”
Innovation and Economic Development (2009, background): “…characteristics (role of middle class, social mobility, literacy 7 This result differs from those reported by Furman et al. (2002) and Furman and Hayes (2004) which, based on evidence from patent statistics, emphasize large economies such as the US, Japan and Germany as being among…”
National innovation system, social entrepreneurship, and rural economic growth in China (2017, background): “…systematic approach to government policies and entrepreneurial activity has subsequently received sustained research interest (David et al., 2000; Furman and Hayes, 2004; Furman et al., 2002; Hu and Mathews, 2005, 2008; Lee and Park, 2006), which has led to several related concepts such as…”
Determinants of total factor productivity : a literature review (2007, background): “Furman and Hayes (2004) address the issue of national innovative productivity among follower countries.”