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INNOVATION, IMITATION AND ENTREPRENEURSHIP

机译：创新，模仿和企业家精神

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This paper analyzes the gradual shift in the technological paradigm of an economy as it approaches the world technology frontier. The model developed in this paper consists of firms which employ skilled workers as an important input in technological advancement, but the novel feature here is the entrepreneur, who is the brain of technological progress. The entrepreneur has to decide to undertake either imitative or innovative activities, of which decision both affects and is affected by the country's distance to frontier. Specifically, the entrepreneur needs to have a minimum ability threshold level in order to carry out innovation. This endogenous threshold level falls as the economy moves closer to the technological frontier, enabling more entrepreneurs to be engaged in an innovation-based strategy, and consequently, moving the economy from a technological structure that is based on imitation of foreign technologies to one where domestic innovation dominates. The transitional dynamics of the model shows that there exists a steady state distance from the world frontier that countries will eventually converge to. We also find that it is possible for countries under certain conditions, to be trapped in a regime carrying out only imitation of world technologies.
机译：本文分析了经济技术范式在接近世界技术前沿时的逐渐转变。本文开发的模型由雇用技术工人作为技术进步的重要投入的公司组成，但是这里的新颖之处在于企业家，他是技术进步的大脑。企业家必须决定进行模仿或创新活动，这种决定既影响国家也影响国家与边境的距离。具体而言，企业家需要具有最低能力门槛水平才能进行创新。随着经济接近技术前沿，内生的门槛水平下降，使更多的企业家能够从事基于创新的战略，从而将经济从基于模仿国外技术的技术结构转变为国内经济。创新占主导地位。该模型的过渡动力学表明，与各国最终会聚到的世界边界之间存在稳定状态的距离。我们还发现，在某些条件下，国家有可能陷入仅模仿世界技术的政权中。

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