caa a22 4500 605475938 CHVBK 20210128100354.0 cr unu---uuuuu 210128e20150601xx s 000 0 eng 10.1007/s00199-014-0850-y doi (NATIONALLICENCE)springer-10.1007/s00199-014-0850-y Furukawa Yuichi School of Economics, Chukyo University, 101-2 Yagoto-honmachi, Showa-ku, 466-8666, Nagoya, Japan aut Leapfrogging cycles in international competition [Elektronische Daten] [Yuichi Furukawa] Technological leadership has shifted at various times from one country to another. We propose a mechanism that explains this perpetual cycle of technological leapfrogging in a two-country model including the dynamic optimization of an infinitely lived consumer. In the model, each country accumulates knowledge stock over time because of domestic innovation and spillovers from foreign innovation. We show that if the international knowledge spillovers are reasonably efficient, technological leadership may shift first from one country to another, and then alternate between countries along an equilibrium path. Springer-Verlag Berlin Heidelberg, 2014 Perpetual leapfrogging nationallicence Innovation cycles nationallicence Growth cycles nationallicence Endogenous innovation nationallicence Knowledge spillovers nationallicence Economic Theory Springer Berlin Heidelberg 59/2(2015-06-01), 401-433 0938-2259 59:2<401 2015 59 199 https://doi.org/10.1007/s00199-014-0850-y text/html Onlinezugriff via DOI BK010053 XK010053 XK010000 Metadata rights reserved Springer special CC-BY-NC licence nationallicence 1 research-article jats NATIONALLICENCE NATIONALLICENCE NL-springer NATIONALLICENCE 856 40 https://doi.org/10.1007/s00199-014-0850-y text/html Onlinezugriff via DOI NATIONALLICENCE 100 1- Furukawa Yuichi School of Economics, Chukyo University, 101-2 Yagoto-honmachi, Showa-ku, 466-8666, Nagoya, Japan aut NATIONALLICENCE 773 0- Economic Theory Springer Berlin Heidelberg 59/2(2015-06-01), 401-433 0938-2259 59:2<401 2015 59 199