Total Factor Productivity, Saving Rate and Learning-by-Doing in Growth Process.

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 based purely on learning-by-doing is constrained by labor growth rate. If the latter is constant in the long-run, then the growth can not be sustained.

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Year of publication:	2009-01
Authors:	Van, Cuong Le ; Nguyen, Tu-Anh
Institutions:	Development and Policies Research Center (Depocen)
Subject:	Optimal growth model \| learning-by-doing \| saving rate \| Developing country

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Extent:	application/pdf
Series:	Working Papers.
Type of publication:	Book / Working Paper
Notes:	Number 08 20 pages
Classification:	D51 - Exchange and Production Economies ; E13 - Neoclassical ; E21 - Consumption; Saving
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10004968651