Economic catch-up of BRICS and escape factors from the middle-income trap from a Schumpeterian perspective
  • Lee, Jongho
  • Hong, Eunah
  • Han, Junhee
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초록

For this paper, we are going to compare five variables in the National Innovation System (Localization, Originality, Diversification, Cycle time of technology, and the Herfindahl-Hirschman Index) for BRICS countries (Brazil, Federation of Russia, India, China, and South Africa). To do so, the paper first classifies BRICS countries into three different groups: fast catchup, catch-up, and slow or no catch-up. Then, the paper analyses the changes in those five variables for the thirty years using USPTO patent data. The paper finds that fast-catching-up BRICS countries have different trajectories for localization, originality, the cycle time of technology, and HHI from slower catch-up BRICS countries. Then, the paper discusses strategies for middle-income countries to break through the middle-income trap which is different from simply following advanced countries.

키워드

National innovation systemsBRICSMiddle income stageCatching-up
제목
Economic catch-up of BRICS and escape factors from the middle-income trap from a Schumpeterian perspective
저자
Lee, JonghoHong, EunahHan, Junhee
DOI
10.1016/j.asieco.2025.101966
발행일
2025-10
유형
Article
저널명
Journal of Asian Economics
100