Important contributions within the realms of industrial dynamics and evolutionary economic theory have shown the need to explore the sources of industrial leadership in high-tech industries. Several of these studies suggest that the co-evolution between national industries and certain supporting...

In this article, we seek to shed new light on the sources of industrial leadership and catch-up in science-based industries. We propose an evolutionary model that incorporates scientists' training and migration, endogenous R&D decisions, and the possibility of funding capital accumulation...