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New Technology, Human Capital and Growth for Developing Countries

Author

Listed:
  • Cuong Le Van

    (Université Paris 1 Panthéon-Sorbonne, CNRS, Paris School of Economics)

  • Tu-Anh Nguyen

    (Université Paris 1 Panthéon-Sorbonne, CNRS)

  • Manh-Hung Nguyen

    (Université Toulouse 1, Toulouse School of Economics, LERNA)

  • Thai Bao Luong

    (Université Paris 13)

Abstract

We 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.

Suggested Citation

  • Cuong Le Van & Tu-Anh Nguyen & Manh-Hung Nguyen & Thai Bao Luong, 2007. "New Technology, Human Capital and Growth for Developing Countries," Working Papers 01, Development and Policies Research Center (DEPOCEN), Vietnam, revised Jan 2009.
    • Handle: RePEc:dpc:wpaper:0107
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    Cited by:

    1. Cuong Le Van & Manh-Hung Nguyen & Thai Bao Luong & Tu Anh Nguyen, 2008. "New Technology, Human Capital and Growth for European Transitional Economies," Thema Working Papers 2008-07, THEMA (Théorie Economique, Modélisation et Applications), CY Cergy-Paris University, ESSEC and CNRS.

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    JEL classification:

    • D51 - Microeconomics - - General Equilibrium and Disequilibrium - - - Exchange and Production Economies
    • D90 - Microeconomics - - Micro-Based Behavioral Economics - - - General
    • E13 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Neoclassical

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