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New Technology, Human Capital and Growth for Developing Countries

Cuong Le van (), Tu Nguyen, Manh-Hung Nguyen and Thai Bao Luong
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Manh-Hung Nguyen: Université Toulouse 1, Toulouse School of Economics, LERNA
Thai Bao Luong: Université Paris 13

No 1, Working Papers from Development and Policies Research Center (DEPOCEN), Vietnam

Abstract: 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.

Keywords: Optimal growth model; New technology capital; Human Capital; Developing country. (search for similar items in EconPapers)
JEL-codes: D51 D90 E13 (search for similar items in EconPapers)
Pages: 40 pages
Date: 2007-08, Revised 2009-01
New Economics Papers: this item is included in nep-cse, nep-dev and nep-hrm
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Working Paper: New technology, Human Capital and Growth for Developing Countries (2006) Downloads
Working Paper: New technology, human capital and growth for developing countries (2006) Downloads
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