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New Technology, Human Capital and Growth for European Transitional Economies

Author

Listed:
  • Cuong Le Van

    (Centre d'Economie de la Sorbonne, Université Paris-1, CNRS - Paris School of Economics)

  • Manh-Hung Nguyen

    (THEMA, Université Cergy-Pontoise)

  • Thai Bao Luong

    (CEPN Université Paris 13)

  • Tu Anh Nguyen

    (Centre d'Economie de la Sorbonne, Université Paris-1, CNRS)

Abstract

We consider a transitional country with three sectors in economy: con- sumption goods, new technology, and education. Productivity of the con- sumption goods sector depends on new technology and skilled labor used for production of the new technology. Then there might be three stages of economic growth. In the first stage the country concentrates on produc- tion of consumption goods; in the second stage the country imports both physical capital and new technology capital; in the last stage the country imports new technology capital and invests in training and education of high skilled labor in the same time.

Suggested Citation

  • 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), Université de Cergy-Pontoise.
    • Handle: RePEc:ema:worpap:2008-07
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    References listed on IDEAS

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    JEL classification:

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

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