A simple model of imitation and innovation is developed to explain a complicated picture of relative productivity … imitation, only innovation or a mixed policy prevails. We demonstrate how one can find the stationary states and check their … stability for a broad class of imitation-innovation cost functions. Using World Bank statistical data for the period of 1980 …

A simple model of technological imitation and innovation is developed to explain club convergence in the evolution of … includes only innovation-imitation tradeoff, and the second one takes into account traditional investment decisions as well. It … versions, there are three types of stable steady-state regimes, with only imitation, only innovation or a mixed policy. Using …