{"id":8886,"date":"2022-07-27T06:35:46","date_gmt":"2022-07-27T06:35:46","guid":{"rendered":"https:\/\/depocen.org\/publications\/new-technology-human-capital-total-factor-productivity-and-growth-process-for-developing\/"},"modified":"2022-07-27T06:35:46","modified_gmt":"2022-07-27T06:35:46","slug":"new-technology-human-capital-total-factor-productivity-and-growth-process-for-developing","status":"publish","type":"publications","link":"https:\/\/depocen.org\/vi\/publications\/new-technology-human-capital-total-factor-productivity-and-growth-process-for-developing\/","title":{"rendered":"New Technology, Human Capital, Total Factor Productivity and Growth Process for Developing"},"content":{"rendered":"<p>Solowian view on miracle growth rate in NIEs as a result of productivity<br \/>\ngrowth whereas many others (e.g. Krugman [1997]) convince that broad capital accumulation is only true engine underlying NIEs growth. Krugman&#8217;s<br \/>\nview is correct in the short and mid terms, however in the long term, TFP is<br \/>\nthe main engine of growth. We show that the optimal strategy for a developing country consists of accumulating physical capital first and there is no<br \/>\nresearch activity. When the country reaches a certain level of development,<br \/>\nwhich is endogenously determined in the model, the technological progress<br \/>\nmay be generated. Three critical factors: the amount of available human capital; the relative price of technological capital; and the initial income of the<br \/>\neconomy.<\/p>\n","protected":false},"featured_media":0,"template":"","cate_publications":[],"author_publications":[1556,1557],"topic_publications":[],"class_list":["post-8886","publications","type-publications","status-publish","hentry","author_publications-cuong-le-van","author_publications-tu-anh-nguyen"],"acf":[],"_links":{"self":[{"href":"https:\/\/depocen.org\/vi\/wp-json\/wp\/v2\/publications\/8886","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/depocen.org\/vi\/wp-json\/wp\/v2\/publications"}],"about":[{"href":"https:\/\/depocen.org\/vi\/wp-json\/wp\/v2\/types\/publications"}],"wp:attachment":[{"href":"https:\/\/depocen.org\/vi\/wp-json\/wp\/v2\/media?parent=8886"}],"wp:term":[{"taxonomy":"cate_publications","embeddable":true,"href":"https:\/\/depocen.org\/vi\/wp-json\/wp\/v2\/cate_publications?post=8886"},{"taxonomy":"author_publications","embeddable":true,"href":"https:\/\/depocen.org\/vi\/wp-json\/wp\/v2\/author_publications?post=8886"},{"taxonomy":"topic_publications","embeddable":true,"href":"https:\/\/depocen.org\/vi\/wp-json\/wp\/v2\/topic_publications?post=8886"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}