• ISSN: 2301-3567 (Print), 2972-3981 (Online)
    • Abbreviated Title: J. Econ. Bus. Manag.
    • Frequency: Quarterly
    • DOI: 10.18178/JOEBM
    • Editor-in-Chief: Prof. Eunjin Hwang
    • Executive Editor: Ms. Fiona Chu
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HOME > Archive > 2015 > Volume 3 Number 6 (Jun. 2015) >
JOEBM 2015 Vol.3(6): 619-627 ISSN: 2301-3567
DOI: 10.7763/JOEBM.2015.V3.255

Technology Gap and Catching up in Economies Based on Natural Resources: The Case of Chile

Isabel Álvarez and Romilio Labra

Abstract—Many developing countries have defined successful catching-up strategies based on knowledge and capabilities upgrading. However, this is a path dependent country-specific process that may turn more complex in economies based on natural resources (NR). This paper adopts a knowledge-based economy approach to analyze the key dimensions of catching up applied to the Chilean experience. Results allow us to identify development drivers and to derive policy implications that can be generalized to other catching-up economies. The main contribution is to show how openness and some physical production factors become basic determinants of convergence for NR-based countries due to foreign technologies and knowledge absorption opportunities, while national innovation capabilities and the unequal income distribution are still serious weaknesses.

Index Terms—Catching-up, Chile, development, innovation, technology gap.

I. Alvarez is with the Facultad de Económicas & Instituto Complutense de Estudios Internacionales, Universidad Complutense de Madrid, Spain (e-mail: isabel.alvarez@ccee.ucm.es).
R. Labra is with the Instituto Complutense de Estudios Internacionales, Universidad Complutense de Madrid, Spain and Institute of Agricultural Research, Chile (e-mail: romilio.labra@estudiante.uam.es).

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Cite: Isabel Álvarez and Romilio Labra, "Technology Gap and Catching up in Economies Based on Natural Resources: The Case of Chile," Journal of Economics, Business and Management vol. 3, no. 6, pp. 619-627, 2015.

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