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New Technology, Human Capital and Growth for Developing Countries

  • Cuong Le Van

    (Universit� Paris 1 Panth�on-Sorbonne, CNRS, Paris School of Economics)

  • Tu-Anh Nguyen

    (Universit� Paris 1 Panth�on-Sorbonne, CNRS)

  • Manh-Hung Nguyen

    (Universit� Toulouse 1, Toulouse School of Economics, LERNA)

  • Thai Bao Luong

    (Universit� Paris 13)

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.

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Paper provided by Development and Policies Research Center (DEPOCEN), Vietnam in its series Working Papers with number 01.

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Length: 40 pages
Date of creation: Aug 2007
Date of revision: Jan 2009
Handle: RePEc:dpc:wpaper:0107
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  1. Olivier Bruno & Cuong Le Van & Benoît Masquin, 2009. "When Does a Developing Country Use New Technologies?," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00101361, HAL.
  2. Kumar, Krishna B., 2003. "Education And Technology Adoption In A Small Open Economy: Theory And Evidence," Macroeconomic Dynamics, Cambridge University Press, vol. 7(04), pages 586-617, September.
  3. repec:fth:bosecd:109 is not listed on IDEAS
  4. Jonathan Eaton & Samuel Kortum, 2001. "Trade in Capital Goods," NBER Working Papers 8070, National Bureau of Economic Research, Inc.
  5. Dana, Rose-Anne & Le Van, Cuong, 2003. "Dynamic Programming in Economics," Economics Papers from University Paris Dauphine 123456789/13605, Paris Dauphine University.
  6. Kim Jong-Il & Lau Lawrence J., 1994. "The Sources of Economic Growth of the East Asian Newly Industrialized Countries," Journal of the Japanese and International Economies, Elsevier, vol. 8(3), pages 235-271, September.
  7. Dana, Rose-Anne & Le Van, Cuong, 2003. "Dynamic Programming in Economics," Economics Papers from University Paris Dauphine 123456789/416, Paris Dauphine University.
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