Almudi, Isabel; Fatas-Villafranca, Francisco; … - In: Industrial and Corporate Change 21 (2012) 2, pp. 345-375
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...