New Technology, Human Capital and Growth for Developing Countries
AbstractWe consider a developing country with three sectors in economy: consumption goods, new technology, and education. Productivity of the consumption goods sector depends on new technology and skilled labor used for production of the new technology. We show that there might be three stages of economic growth. In the first stage the country concentrates on production of consumption goods; in the second stage it requires the country to import both physical capital to produce consumption goods and new technology capital to produce new technology; and finally the last stage is one where the country needs to import new technology capital and invest in the training and education of high skilled labor in the same time.
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Bibliographic InfoPaper provided by Development and Policies Research Center (DEPOCEN), Vietnam in its series Working Papers with number 01.
Length: 40 pages
Date of creation: Aug 2007
Date of revision: Jan 2009
Optimal growth model; New technology capital; Human Capital; Developing country.;
Other versions of this item:
- Cuong Le Van & Manh-Hung Nguyen & Laurent Thai Bao Luong, 2006. "New technology, human capital and growth for developing countries," Cahiers de la Maison des Sciences Economiques b06065, Université Panthéon-Sorbonne (Paris 1).
- D51 - Microeconomics - - General Equilibrium and Disequilibrium - - - Exchange and Production Economies
- D90 - Microeconomics - - Intertemporal Choice - - - General
- E13 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Neoclassical
This paper has been announced in the following NEP Reports:
- NEP-ALL-2007-10-27 (All new papers)
- NEP-CSE-2007-10-27 (Economics of Strategic Management)
- NEP-DEV-2007-10-27 (Development)
- NEP-HRM-2007-10-27 (Human Capital & Human Resource Management)
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.:
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UniversitÃ© Paris1 PanthÃ©on-Sorbonne (Post-Print and Working Papers)
- Olivier Bruno & Cuong Van & Benoît Masquin, 2009. "When does a developing country use new technologies?," Economic Theory, Springer, vol. 40(2), pages 275-300, August.
- Olivier Bruno & Cuong Le Van & Benoît Masquin, 2009. "When Does a Developing Country Use New Technologies?," UniversitÃ© Paris1 PanthÃ©on-Sorbonne (Post-Print and Working Papers) halshs-00101361, HAL.
- 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).
- 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.
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- Anh Nguyen Tu & Thuy Nguyen Thu, 2011. "Is Vietnam economic paradigm sustainable for catch up," Working Papers 09, Development and Policies Research Center (DEPOCEN), Vietnam.
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