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Tu-Anh Nguyen
Total Factor Productivity, Saving Rate and Learning-by-Doing in Growth Process.
Xuất bản: 27 July, 2022
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...
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View abstractNew Technology, Human Capital, Total Factor Productivity and Growth Process for Developing
Xuất bản: 27 July, 2022
Solowian view on miracle growth rate in NIEs as a result of productivity growth whereas many others (e.g. Krugman [1997]) convince that broad capital accumulation is only true engine underlying NIEs growth. Krugman’s view is correct in the short...
New Technology, Human Capital and Growth for Developing Countries.
Xuất bản: 27 July, 2022
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...