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Quality of Knowledge Technology, Returns to Production Technology and Economic Development

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Author Info

  • Cuong LE VAN

    (University of Paris I)

  • H. Cagri SAGLAM

    (UNIVERSITE CATHOLIQUE DE LOUVAIN, Institut de Recherches Economiques et Sociales (IRES))

Abstract

Presenting 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.

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Bibliographic Info

Paper 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.

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Length: 14
Date of creation: 01 Nov 2001
Date of revision:
Handle: RePEc:ctl:louvir:2002004

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Related research

Keywords: Optimal Growth; optimal path; value fuction; poverty-trap; increasing returns;

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References

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  1. Askenazy, P. & Le Van, C., 1997. "A Model of Optimal Growth Strategy," DELTA Working Papers 97-27, DELTA (Ecole normale supérieure).
  2. Le Van, C. & Morhaim, L. & Dimaria, C.-H., 2000. "The Discrete Time Version of the Romer Model," Papiers d'Economie Mathématique et Applications 2000.63, Université Panthéon-Sorbonne (Paris 1).
  3. Paul M Romer, 1999. "Increasing Returns and Long-Run Growth," Levine's Working Paper Archive 2232, David K. Levine.
  4. 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.
  5. Tjalling C. Koopmans, 1963. "On the Concept of Optimal Economic Growth," Cowles Foundation Discussion Papers 163, Cowles Foundation for Research in Economics, Yale University.
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Cited by:
  1. repec:hal:cesptp:halshs-00101361 is not listed on IDEAS
  2. 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).
  3. repec:hal:journl:halshs-00101361 is not listed on IDEAS
  4. Nguyen, Ngoc Anh & Pham, Quang Ngoc & Nguyen, Dinh Chuc & Nguyen, Duc Nhat, 2007. "Innovation and Export of Vietnam’s SME Sector," MPRA Paper 3256, University Library of Munich, Germany.
  5. repec:hal:journl:halshs-00197539 is not listed on IDEAS
  6. 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.

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