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Total Factor Productivity, Saving Rate and Learning-by-Doing in Growth Process

Author

Listed:
  • Cuong Le Van

    (Centre d'Economie de la Sorbonne, Universite Paris-1, France)

  • Tu-Anh Nguyen

    (Centre d'Economie de la Sorbonne, Universite Paris-1, France)

Abstract

In transitional stage saving rate play an important role in output growth rate as proposed by Krugman. Accumulationists are also right as claiming that learning-by-doing play an important role in TFP growth in NIEs. However, using a CES production technology we can show that the growth model based purely on learning-by-doing is constrained by labor growth rate. If the latter is constant in the long-run, then the growth can not be sustained.

Suggested Citation

  • Cuong Le Van & Tu-Anh Nguyen, 2009. "Total Factor Productivity, Saving Rate and Learning-by-Doing in Growth Process," Working Papers 08, Development and Policies Research Center (DEPOCEN), Vietnam.
    • Handle: RePEc:dpc:wpaper:0809
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    Keywords

    Optimal growth model; learning-by-doing; saving rate; Developing country.;
    All these keywords.

    JEL classification:

    • D51 - Microeconomics - - General Equilibrium and Disequilibrium - - - Exchange and Production Economies
    • E13 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Neoclassical
    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth

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