The catch-up effect is the idea that up to a certain point, developing countries can achieve greater productivity for each unit of capital invested because they have the advantage of using technologies already developed by other countries.

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The catch-up effect is the idea that developing countries can achieve greater productivity up to a certain point by adopting already developed technologies. This is because they do not need to invest in research and development of new technologies, but can simply use those already developed by other countries.

The Catch-Up Effect Is the Idea That Up to a Certain