This article examines the relationship between the technological regime and the technological catch-up, using US patent data. This study has found that catching-up is more likely to happen in those technological classes with shorter technological cycle time and more initial stock of knowledge and that among those candidate classes the actual speed of catch-up varies depending on appropriability and knowledge accessibility. This implies that the factors that determine the occurrence of catch-up and the speed of catch-up are different. Comparing the level of technological capability of the advanced and catching-up economies, the article has found that catching-up countries tend to achieve high levels in the technological sectors with shorter cycle time, easier access to knowledge, and higher appropriability, whereas the advanced countries show the exactly opposite performances. Korean firms find themselves more fitted to technological regimes featured by low appropriability and high cumulativeness (persistence), whereas the Taiwanese firms are more fitted to technological regimes featured by high appropriability and low cumulativeness (persistence). The Korean firms, dominated by the so-called Chaebols especially in patent registrations, are characterized as less flexible, large diversified conglomerates and pursing more independent R&D and learning strategies. The Taiwanese firms are characterized as more flexible, network-based, specialized firms and pursuing more cooperative R&D and learning strategies.
This article examines the relationship between the technological regime and the technological catch-up, using US patent data. This study has found that catching-up is more likely to happen in those technological classes with shorter technological cycle time and more initial stock of knowledge and that among those candidate classes the actual speed of catch-up varies depending on appropriability and knowledge accessibility. This implies that the factors that determine the occurrence of catch-up and the speed of catch-up are different. Comparing the level of technological capability of the advanced and catching-up economies, the article has found that catching-up countries tend to achieve high levels in the technological sectors with shorter cycle time, easier access to knowledge, and higher appropriability, whereas the advanced countries show the exactly opposite performances. Korean firms find themselves more fitted to technological regimes featured by low appropriability and high cumulativeness (persistence), whereas the Taiwanese firms are more fitted to technological regimes featured by high appropriability and low cumulativeness (persistence). The Korean firms, dominated by the so-called Chaebols especially in patent registrations, are characterized as less flexible, large diversified conglomerates and pursing more independent R&D and learning strategies. The Taiwanese firms are characterized as more flexible, network-based, specialized firms and pursuing more cooperative R&D and learning strategies.
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