From Imitation to Innovation : Public Policy for Industrial Transformation
What role does public policy play in helping countries accelerate the industrialization process? This note aims to answer this question by applying a framework to analyze the process of transitioning from imitation to innovation. Based on a dynamic...
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| Format: | Brief |
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World Bank, Washington, DC
2014
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| Online Access: | http://documents.worldbank.org/curated/en/2013/04/17873909/imitation-innovation-public-policy-industrial-transformation http://hdl.handle.net/10986/17024 |
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okr-10986-170242021-04-23T14:03:33Z From Imitation to Innovation : Public Policy for Industrial Transformation Agénor, Pierre-Richard Dinh, Hinh T. ADVERSE EFFECT AGRICULTURE BENCHMARK BUSINESS CYCLE CAPABILITIES COLLATERAL COMMERCE COMMODITY COMMODITY PRICES COMPETITIVENESS CONSUMPTION EXPENDITURE DEADWEIGHT DEADWEIGHT LOSS DEVELOPING COUNTRIES DEVELOPMENT ECONOMICS DIMINISHING RETURNS DISCOUNTED VALUE ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC HISTORY ECONOMIES OF SCALE ELECTRICITY EMPLOYMENT EMPLOYMENT OPPORTUNITIES ENTERPRISE SURVEY ENTRY COST EXPORT MARKET EXPORT OPPORTUNITIES EXPORTS EXTERNALITIES EXTERNALITY FIRM PERFORMANCE FOREIGN INVESTMENT FREE PRESS GDP GLOBALIZATION GOVERNMENT INTERVENTIONS GOVERNMENT POLICIES GROSS DOMESTIC PRODUCT GROWTH RATE GROWTH STRATEGY HUMAN CAPITAL INCOME INCOME GROWTH INCREASING RETURNS INCREASING RETURNS TO SCALE INDUSTRIAL DEVELOPMENT INDUSTRIAL REVOLUTION INDUSTRIAL STRUCTURE INDUSTRIALIZATION INEXPERIENCED WORKERS INFORMATION TECHNOLOGIES INNOVATION INNOVATIONS INTELLECTUAL PROPERTY INTELLECTUAL PROPERTY RIGHTS INTERNATIONAL ECONOMICS JOBS KNOWLEDGE BASE LABOR COST LABOR COST ADVANTAGE LABOR DEMAND LABOR FORCE LABOR MARKETS LABOR PRODUCTIVITY LABOR SUPPLY LABOUR LEVIES LICENSE LICENSE FEE LIVING STANDARDS LOCAL FIRMS MACROECONOMICS MANUFACTURING MANUFACTURING INDUSTRIES MARGINAL PRODUCT MARGINAL REVENUE MARKETING NATURAL RESOURCES NETWORKS OPPORTUNITY COST OUTPUTS PATENTS PIRACY POLITICAL ECONOMY PRIVATE CAPITAL PRIVATE CAPITAL STOCK PRIVATE INVESTMENT PRODUCTION COSTS PRODUCTION PROCESS PRODUCTIVITY PRODUCTIVITY GAINS PRODUCTIVITY GROWTH PROPERTY RIGHTS PUBLIC INVESTMENT RENTS RESULT RESULTS RETURN RURAL WORKERS SEARCH SKILL REQUIREMENTS SKILLED LABOR SKILLED WORKFORCE STOCKS STRUCTURAL CHANGE TAX TECHNOLOGICAL INNOVATION TELECOMMUNICATIONS TOTAL FACTOR PRODUCTIVITY TRAINING COST TRAINING COSTS TRAINING PERIOD UNSKILLED LABOR UNSKILLED WORKERS VOCATIONAL TRAINING VOCATIONAL TRAINING PROGRAMS WAGES What role does public policy play in helping countries accelerate the industrialization process? This note aims to answer this question by applying a framework to analyze the process of transitioning from imitation to innovation. Based on a dynamic model of growth, simulations suggest that learning through imitation may enable firms to improve productivity significantly in a first stage, and that this may eventually benefit innovation activity as well. The model also shows how failure to switch from imitation as the main source of productivity growth to broad-based, homegrown innovation could lead to the 'middle-income trap' that has befallen some countries. 2014-02-12T17:10:36Z 2014-02-12T17:10:36Z 2013-05 http://documents.worldbank.org/curated/en/2013/04/17873909/imitation-innovation-public-policy-industrial-transformation http://hdl.handle.net/10986/17024 English en_US Economic premise;no. 115 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank, Washington, DC Publications & Research :: Brief Publications & Research |
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Digital Repository |
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Foreign Institution |
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Digital Repositories |
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World Bank Open Knowledge Repository |
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World Bank |
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English en_US |
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ADVERSE EFFECT AGRICULTURE BENCHMARK BUSINESS CYCLE CAPABILITIES COLLATERAL COMMERCE COMMODITY COMMODITY PRICES COMPETITIVENESS CONSUMPTION EXPENDITURE DEADWEIGHT DEADWEIGHT LOSS DEVELOPING COUNTRIES DEVELOPMENT ECONOMICS DIMINISHING RETURNS DISCOUNTED VALUE ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC HISTORY ECONOMIES OF SCALE ELECTRICITY EMPLOYMENT EMPLOYMENT OPPORTUNITIES ENTERPRISE SURVEY ENTRY COST EXPORT MARKET EXPORT OPPORTUNITIES EXPORTS EXTERNALITIES EXTERNALITY FIRM PERFORMANCE FOREIGN INVESTMENT FREE PRESS GDP GLOBALIZATION GOVERNMENT INTERVENTIONS GOVERNMENT POLICIES GROSS DOMESTIC PRODUCT GROWTH RATE GROWTH STRATEGY HUMAN CAPITAL INCOME INCOME GROWTH INCREASING RETURNS INCREASING RETURNS TO SCALE INDUSTRIAL DEVELOPMENT INDUSTRIAL REVOLUTION INDUSTRIAL STRUCTURE INDUSTRIALIZATION INEXPERIENCED WORKERS INFORMATION TECHNOLOGIES INNOVATION INNOVATIONS INTELLECTUAL PROPERTY INTELLECTUAL PROPERTY RIGHTS INTERNATIONAL ECONOMICS JOBS KNOWLEDGE BASE LABOR COST LABOR COST ADVANTAGE LABOR DEMAND LABOR FORCE LABOR MARKETS LABOR PRODUCTIVITY LABOR SUPPLY LABOUR LEVIES LICENSE LICENSE FEE LIVING STANDARDS LOCAL FIRMS MACROECONOMICS MANUFACTURING MANUFACTURING INDUSTRIES MARGINAL PRODUCT MARGINAL REVENUE MARKETING NATURAL RESOURCES NETWORKS OPPORTUNITY COST OUTPUTS PATENTS PIRACY POLITICAL ECONOMY PRIVATE CAPITAL PRIVATE CAPITAL STOCK PRIVATE INVESTMENT PRODUCTION COSTS PRODUCTION PROCESS PRODUCTIVITY PRODUCTIVITY GAINS PRODUCTIVITY GROWTH PROPERTY RIGHTS PUBLIC INVESTMENT RENTS RESULT RESULTS RETURN RURAL WORKERS SEARCH SKILL REQUIREMENTS SKILLED LABOR SKILLED WORKFORCE STOCKS STRUCTURAL CHANGE TAX TECHNOLOGICAL INNOVATION TELECOMMUNICATIONS TOTAL FACTOR PRODUCTIVITY TRAINING COST TRAINING COSTS TRAINING PERIOD UNSKILLED LABOR UNSKILLED WORKERS VOCATIONAL TRAINING VOCATIONAL TRAINING PROGRAMS WAGES |
| spellingShingle |
ADVERSE EFFECT AGRICULTURE BENCHMARK BUSINESS CYCLE CAPABILITIES COLLATERAL COMMERCE COMMODITY COMMODITY PRICES COMPETITIVENESS CONSUMPTION EXPENDITURE DEADWEIGHT DEADWEIGHT LOSS DEVELOPING COUNTRIES DEVELOPMENT ECONOMICS DIMINISHING RETURNS DISCOUNTED VALUE ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC HISTORY ECONOMIES OF SCALE ELECTRICITY EMPLOYMENT EMPLOYMENT OPPORTUNITIES ENTERPRISE SURVEY ENTRY COST EXPORT MARKET EXPORT OPPORTUNITIES EXPORTS EXTERNALITIES EXTERNALITY FIRM PERFORMANCE FOREIGN INVESTMENT FREE PRESS GDP GLOBALIZATION GOVERNMENT INTERVENTIONS GOVERNMENT POLICIES GROSS DOMESTIC PRODUCT GROWTH RATE GROWTH STRATEGY HUMAN CAPITAL INCOME INCOME GROWTH INCREASING RETURNS INCREASING RETURNS TO SCALE INDUSTRIAL DEVELOPMENT INDUSTRIAL REVOLUTION INDUSTRIAL STRUCTURE INDUSTRIALIZATION INEXPERIENCED WORKERS INFORMATION TECHNOLOGIES INNOVATION INNOVATIONS INTELLECTUAL PROPERTY INTELLECTUAL PROPERTY RIGHTS INTERNATIONAL ECONOMICS JOBS KNOWLEDGE BASE LABOR COST LABOR COST ADVANTAGE LABOR DEMAND LABOR FORCE LABOR MARKETS LABOR PRODUCTIVITY LABOR SUPPLY LABOUR LEVIES LICENSE LICENSE FEE LIVING STANDARDS LOCAL FIRMS MACROECONOMICS MANUFACTURING MANUFACTURING INDUSTRIES MARGINAL PRODUCT MARGINAL REVENUE MARKETING NATURAL RESOURCES NETWORKS OPPORTUNITY COST OUTPUTS PATENTS PIRACY POLITICAL ECONOMY PRIVATE CAPITAL PRIVATE CAPITAL STOCK PRIVATE INVESTMENT PRODUCTION COSTS PRODUCTION PROCESS PRODUCTIVITY PRODUCTIVITY GAINS PRODUCTIVITY GROWTH PROPERTY RIGHTS PUBLIC INVESTMENT RENTS RESULT RESULTS RETURN RURAL WORKERS SEARCH SKILL REQUIREMENTS SKILLED LABOR SKILLED WORKFORCE STOCKS STRUCTURAL CHANGE TAX TECHNOLOGICAL INNOVATION TELECOMMUNICATIONS TOTAL FACTOR PRODUCTIVITY TRAINING COST TRAINING COSTS TRAINING PERIOD UNSKILLED LABOR UNSKILLED WORKERS VOCATIONAL TRAINING VOCATIONAL TRAINING PROGRAMS WAGES Agénor, Pierre-Richard Dinh, Hinh T. From Imitation to Innovation : Public Policy for Industrial Transformation |
| relation |
Economic premise;no. 115 |
| description |
What role does public policy play in
helping countries accelerate the industrialization process?
This note aims to answer this question by applying a
framework to analyze the process of transitioning from
imitation to innovation. Based on a dynamic model of growth,
simulations suggest that learning through imitation may
enable firms to improve productivity significantly in a
first stage, and that this may eventually benefit innovation
activity as well. The model also shows how failure to switch
from imitation as the main source of productivity growth to
broad-based, homegrown innovation could lead to the
'middle-income trap' that has befallen some countries. |
| format |
Publications & Research :: Brief |
| author |
Agénor, Pierre-Richard Dinh, Hinh T. |
| author_facet |
Agénor, Pierre-Richard Dinh, Hinh T. |
| author_sort |
Agénor, Pierre-Richard |
| title |
From Imitation to Innovation : Public Policy for Industrial Transformation |
| title_short |
From Imitation to Innovation : Public Policy for Industrial Transformation |
| title_full |
From Imitation to Innovation : Public Policy for Industrial Transformation |
| title_fullStr |
From Imitation to Innovation : Public Policy for Industrial Transformation |
| title_full_unstemmed |
From Imitation to Innovation : Public Policy for Industrial Transformation |
| title_sort |
from imitation to innovation : public policy for industrial transformation |
| publisher |
World Bank, Washington, DC |
| publishDate |
2014 |
| url |
http://documents.worldbank.org/curated/en/2013/04/17873909/imitation-innovation-public-policy-industrial-transformation http://hdl.handle.net/10986/17024 |
| _version_ |
1764435454752456704 |