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Persistent link: https://www.econbiz.de/10008777333
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...
Persistent link: https://www.econbiz.de/10004968651
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...
Persistent link: https://www.econbiz.de/10004968655
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 and mid terms, however in the long term, TFP is...
Persistent link: https://www.econbiz.de/10004968665
This paper studies the optimal growth of a developing non-renewable natural resource producer. It extracts the resource, and produces a single consumption good with man-made capital. Moreover, it can sell the extracted resource abroad and use the revenues to buy an imported good, perfect...
Persistent link: https://www.econbiz.de/10010775794
This paper studies the optimal growth of a developing non-renewable natural resource producer. It extracts the resource, and produces a single consumption good with man-made capital. Moreover, it can sell the extracted resource abroad and use the revenues to buy an imported good, perfect...
Persistent link: https://www.econbiz.de/10011025764
This paper studies the optimal growth of a developing non-renewable natural resource producer, which extracts the resource from its soil and produces a single consumption good with man-made capital. Moreover, it can sell the extracted resource abroad and use the revenues to buy an imported good,...
Persistent link: https://www.econbiz.de/10010750752
renouvelable. Le pays extrait la ressource du sol et produit un bien de consommation à l'aide de capital manufacturé. En outre, il … optimaux d'accumulation de capital et de consommation. Nous montrons que la mesure dans laquelle le pays va échapper à la … capital à l'origine est supérieure à la somme des taux d'escompte social et de dépréciation du capital, le pays accumulera …
Persistent link: https://www.econbiz.de/10008795072
In a developing country with three sectors: consumption goods, new tech- nology, and education, the productivity of the consumption goods depends on a new technology and skilled labor used to produce this new technology. There can be three stages of economic growth. In the …rst stage the...
Persistent link: https://www.econbiz.de/10008795448
This paper studies the optimal growth of a developing non-renewable natural resource producer. It extracts the resource from its soil, and produces a single consumption good with man-made capital. More- over, it can sell the extracted resource abroad and use the revenues to buy an imported good,...
Persistent link: https://www.econbiz.de/10008795568