innovative technology within this trajectory. As for the diffusion of SC, the paper concentrates on Germany, USA, China and Japan …. The analysis shows that the typical lead market pattern applies only to a limited extent. In the 1960s and 1970s, the USA … has established a lead market for SC technology. In the meanwhile, Japan has surpassed the United States, although it …

large economies, USA, United Kingdom, Germany, France and Japan. The empirical results show that although the pure NGARCH …

, Germany, Japan and the USA taking into account the different regulation schemes in these countries. We concentrate on … only applies to a limited extent. In the 1960s and 1970s, the USA has established a lead market for SC und USC technologies …. In the meanwhile, Japan has surpassed the United States, although it started as a typical lag market. Japan has caught up …