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<dc:creator>Almudi, Isabel</dc:creator>
<dc:creator>Fatas-Villafranca, Francisco</dc:creator>
<dc:creator>Izquierdo Millán, Luis Rodrigo</dc:creator>
<dc:date>2012-04</dc:date>
<dc:description>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&amp;D decisions, and the possibility of funding capital accumulation through debt. The analysis of the model allows us to characterize a robust pattern of industrial catch-up. Likewise, the sensitivity analysis shows which parameters act as pro-catch-up factors or slow down the process. The identification of stationary-state conditions of the model helps us to interpret the simulations, and highlights crucial interactions between technology-supporting institutions and market demand at the basis of industrial catch-up. Finally, the robustness analysis reveals further interdependencies among innovation, scientist mobility, and demand</dc:description>
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<dc:identifier>http://hdl.handle.net/10259/3840</dc:identifier>
<dc:language>eng</dc:language>
<dc:publisher>Oxford University Press</dc:publisher>
<dc:title>Innovation, catch-up, and leadership in science-based industries</dc:title>
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