Van, Cuong Le; Nguyen, Tu-Anh; Nguyen, Manh-Hung; … - Development and Policies Research Center (Depocen) - 2007
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...