New Technology, Human Capital and Growth for European Transitional Economies

Cuong Le van, Manh-Hung Nguyen, Thai Bao Luong and Tu Nguyen ()
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Manh-Hung Nguyen: THEMA, Université Cergy-Pontoise
Thai Bao Luong: CEPN Université Paris 13
Authors registered in the RePEc Author Service: Manh Hung Nguyen

No 2008-07, THEMA Working Papers from THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise

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.

Keywords: Optimal growth model; New technology capital; Human Capital; Developing country. (search for similar items in EconPapers)
JEL-codes: D51 E13 (search for similar items in EconPapers)
Date: 2008
New Economics Papers: this item is included in nep-cse, nep-edu and nep-hrm
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Persistent link: https://EconPapers.repec.org/RePEc:ema:worpap:2008-07

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