Quality of Knowledge Technology, Returns to Production Technology and Economic Development
AbstractPresenting a discrete time version of the Romer (1986) model, this paper analyzes optimal paths in a one-sector growth model when the technology is not convex. We prove that for a given quality of knowledge technology, the countries could take-off if their initial stock of capital are above a critical level; otherwise they could face a poverty-trap. We show that for an economy which wants to take-off by means of knowledge technology requires three factors : large amount of initial knowledge, small fixed costs and a good quality of knowledge technology.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES) in its series Discussion Papers (IRES - Institut de Recherches Economiques et Sociales) with number 2002004.
Date of creation: 01 Nov 2001
Date of revision:
Optimal Growth; optimal path; value fuction; poverty-trap; increasing returns;
Other versions of this item:
- Le Van, Cuong & Saglam, H. Cagri, 2004. "Quality Of Knowledge Technology, Returns To Production Technology, And Economic Development," Macroeconomic Dynamics, Cambridge University Press, vol. 8(02), pages 147-161, April.
- LE VAN, Cuong & SAGLAM, H. Cagri, . "Quality of knowledge technology, returns to production technology, and economic development," CORE Discussion Papers RP -1747, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis
- O12 - Economic Development, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development
- O32 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Management of Technological Innovation and R&D
- O41 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Tjalling C. Koopmans, 1963. "On the Concept of Optimal Economic Growth," Cowles Foundation Discussion Papers 163, Cowles Foundation for Research in Economics, Yale University.
- Askenazy, Philippe & Le Van, 1997.
"A model of optimal growth strategy,"
CEPREMAP Working Papers (Couverture Orange)
- Majumdar, Mukul & Mitra, Tapan, 1982. "Intertemporal allocation with a non-convex technology: The aggregative framework," Journal of Economic Theory, Elsevier, vol. 27(1), pages 101-136, June.
- Lisa Morhaim & Charles-Henri Dimaria & Cuong Le Van, 2002.
"The discrete time version of the Romer model,"
Springer, vol. 20(1), pages 133-158.
- Le Van, C. & Morhaim, L. & Dimaria, C.-H., 2000. "The Discrete Time Version of the Romer Model," Papiers d'Economie MathÃÂ©matique et Applications 2000.63, UniversitÃ© PanthÃ©on-Sorbonne (Paris 1).
- Romer, Paul M, 1986.
"Increasing Returns and Long-run Growth,"
Journal of Political Economy,
University of Chicago Press, vol. 94(5), pages 1002-37, October.
- repec:hal:journl:halshs-00197539 is not listed on IDEAS
- Olivier Bruno & Cuong Van & Benoît Masquin, 2009.
"When does a developing country use new technologies?,"
Springer, vol. 40(2), pages 275-300, August.
- Olivier Bruno & Cuong Le Van & Beno�t Masquin, 2008. "When Does a Developing Country Use New Technologies?," Working Papers 12, Development and Policies Research Center (DEPOCEN), Vietnam.
- Olivier Bruno & Cuong Le Van & Benoît Masquin, 2005. "When does a developing country use new technologies ?," Cahiers de la Maison des Sciences Economiques b05093, Université Panthéon-Sorbonne (Paris 1).
- Nguyen, Ngoc Anh & Pham, Quang Ngoc & Nguyen, Dinh Chuc & Nguyen, Duc Nhat, 2007.
"Innovation and Export of Vietnam’s SME Sector,"
3256, University Library of Munich, Germany.
- Cuong Le Van & Tu Anh Nguyen & Tran Dinh Tuan, 2014. "Saving Rate, Total Factor Productivity and Growth Process for Developing Countries," Working Papers 2014-424, Department of Research, Ipag Business School.
- repec:hal:journl:halshs-00101361 is not listed on IDEAS
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Anne DAVISTER-LOGIST).
If references are entirely missing, you can add them using this form.