Hübler, Michael (contributor); Lontzek, Thomas (contributor) - 2009
in the long-run. However, the degree to which the North-South technology gap can be narrowed depends crucially on the … innovations in the South narrows the technology gap only in the short-run. An optimal development policy requires more capital to …, the absorptive capacity rises steadily with the aim to close the technology gap completely. Our results show that an …