New Technology, Human Capital and Growth in a Developing Country
AbstractIn a developing country with three sectors: consumption goods, new tech- nology, and education, the productivity of the consumption goods depends on a new technology and skilled labor used to produce this new technology. There can be three stages of economic growth. In the rst stage the country concentrates on the production of consumption goods; in the second the country must import both physical capital and new technology capital to produce consumption goods and new technology; in the third the country must import capital and invest in the training and education of high skilled labor.
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Date of creation: Dec 2010
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Publication status: Published, Mathematical Population Studies, 2010, 17, 4, 215-241
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Optimal growth model; New technology capital; Human Capital; Developing country;
Other versions of this item:
- Cuong Le Van & Tu-Anh Nguyen & Manh-Hung Nguyen & Thai Luong, 2010. "New Technology, Human Capital, and Growth in a Developing Country," Mathematical Population Studies, Taylor & Francis Journals, vol. 17(4), pages 215-241.
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- Anh Nguyen Tu & Thuy Nguyen Thu, 2011. "Is Vietnam economic paradigm sustainable for catch up," Working Papers, Development and Policies Research Center (DEPOCEN), Vietnam 09, Development and Policies Research Center (DEPOCEN), Vietnam.
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