تاثیر تخصصی فن آوری بر عملکرد ملی در مدل رشد تراز پرداخت محدود

The paper explores the effect of technological specialisation on economic growth within a balance-of-payments-constrained growth model. We find that countries that are specialised in fast-growing technologies experience above average rates of growth due to the positive effects on international competitiveness. Moreover, we find that innovation, imitation and investment affect countries' performance in international markets and their rate of growth through the balance-of-payments.