NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Catch-up and Fall-back through Innovation and Imitation

Jess Benhabib, Jesse Perla, Christopher Tonetti

NBER Working Paper No. 18091
Issued in May 2012

---- Acknowledgements -----

We would like to thank Boyan Jovanovic and Tom Sargent for useful feedback. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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