Related to the E conomics in Practiceon p. 624: According to a ...

[sam.t96]

Related to the E
conomics in Practice on p. 624: According to a study cited in the 
Economics in Practice, if a country is relatively far from the technological frontier of the rest of the world, its best strategy would be to

◦ adopt other countries' policies until it reaches the frontier of the rest of the world.
◦ support its own innovative efforts until it reaches the frontier of the rest of the world.
◦ first adopt other countries' policies, and as the country approaches the frontier, shift to supporting its own innovative efforts.
◦ first support its own innovative efforts, and as the country approaches the frontier, shift to adopting other countries' policies.

[tranoy]

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[sam.t96]

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[tranoy]

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