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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
    as

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    File URL: http://thema.u-cergy.fr/IMG/documents/2008-07.pdf
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    References listed on IDEAS

    as
    1. Eaton, Jonathan & Kortum, Samuel, 2001. "Trade in capital goods," European Economic Review, Elsevier, vol. 45(7), pages 1195-1235.
    2. repec:dau:papers:123456789/13605 is not listed on IDEAS
    3. Hartog,Joop & Maassen van den Brink,Henriëtte (ed.), 2007. "Human Capital," Cambridge Books, Cambridge University Press, number 9780521873161, December.
    4. 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.
    5. Olivier Bruno & Cuong Van & Benoît Masquin, 2009. "When does a developing country use new technologies?," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), pages 275-300.
    6. Romer, Paul M, 1990. "Endogenous Technological Change," Journal of Political Economy, University of Chicago Press, vol. 98(5), pages 71-102, October.
    7. Cuong Le Van & Manh-Hung Nguyen & Thai Bao Luong, 2006. "New technology, Human Capital and Growth for Developing Countries," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00118979, HAL.
    8. Wolfgang Keller, 2004. "International Technology Diffusion," Journal of Economic Literature, American Economic Association, pages 752-782.
    9. repec:dau:papers:123456789/416 is not listed on IDEAS
    10. repec:fth:bosecd:109 is not listed on IDEAS
    11. 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.
    12. Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, vol. 22(1), pages 3-42, July.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Optimal growth model; New technology capital; Human Capital; Developing country.;

    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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