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

Cuong Le van and Tu Nguyen ()

No 60, Working Papers from Development and Policies Research Center (DEPOCEN), Vietnam

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.

Keywords: Optimal growth model; learning-by-doing; saving rate; Developing country. (search for similar items in EconPapers)
JEL-codes: D51 E13 E21 (search for similar items in EconPapers)
Pages: 20 pages
Date: 2009-01
New Economics Papers: this item is included in nep-fdg
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