Discuss the concept of leapfrogging

Reference no: EM131167520

Leapfrogging

a. Discuss the concept of leapfrogging and demonstrate how it differs from absolute convergence.

b. Does the Ramsey model of chapter 2 (augmented to allow for random shocks to the technology) preclude leapfrogging? Is this model inconsistent with the observation that an economy that is initially lagging in technological sophistication becomes the leader at a later date?

Reference no: EM131167520

Questions Cloud

Key role in regulating global financial markets : Write an evaluation on the following: Government representatives play a key role in regulating global financial markets, financial (e.g., exchange rate), economic, and political risk factors continue to impact international capital markets. For th..

What barriers do women continue to face in education : What differences do you think there are between the way girls and young women view sports today compared to 40 years ago? In effect, has the participation in sports changed women and their role in society?

What is the current labor force participation rate : There is a large body of economic research that concludes that tax cuts are a better and faster way to increase employment than government spending. What are the current U3 an U6 unemployment rates? What is the current Labor Force Participation ra..

Moving average to forecast sales : Data collected on the yearly demand for 50-poundbags of fertilizer at Wallace Garden Supply are shown in the following table. Develop a 3-year moving average to forecast sales.

Discuss the concept of leapfrogging : Discuss the concept of leapfrogging and demonstrate how it differs from absolute convergence.

Administrative indifference-ignoring obvious ethical problem : Describe a corruption continuum with details how organizations can become corrupt through actions of its leaders through the following: -administrative indifference - ignoring obvious ethical problems -creating a hyposcrisy and fear-dominated culture..

Is this statement true or false and explain your choice : "Assuming that all else remains constant, the length of a confidence interval for a population mean increases whenever the confidence level and sample size increase simultaneously."

Describe the appearance of the papillary muscles : Discuss the similarities and differences between the left and right sides of the heart. Compare the structure of the atrioventricular valves to the structure of the semilunar valves. Describe the appearance of the papillary muscles

What circumstances does the potential for migration raise : what circumstances does the potential for migration raise the speed of convergence in the Solow-Swan model? What about in the Ramsey model? What are the sources of the effects on convergence?

User Account

All Pages