New technology, Human Capital and Growth for Developing Countries

Cuong Le van, Manh Hung Nguyen and Thai Bao Luong
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Thai Bao Luong: CES - Centre d'économie de la Sorbonne - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique, CEPN - Centre d'Economie de l'Université Paris Nord (ancienne affiliation) - UP13 - Université Paris 13 - CNRS - Centre National de la Recherche Scientifique

Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) from HAL

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: Developing country.; Human Capital; New technology capital; Optimal growth model; Developing country; Modèle de croissance optimale; capital de la nouvelle technologie; capital humain; pays en voie de développement (search for similar items in EconPapers)
Date: 2006-10
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00118979
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Published in 2006

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Related works:
Working Paper: New Technology, Human Capital and Growth for Developing Countries (2009)
Working Paper: New technology, Human Capital and Growth for Developing Countries (2006)
Working Paper: New technology, human capital and growth for developing countries (2006)
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