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

Van, Cuong Le; Nguyen, Tu-Anh - Development and Policies Research Center (Depocen) - 2009

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

No arbitrage condition and existence of equilibrium in infinite or finite dimension with expected risk averse utilities

Huy, Thai Ha; Van, Cuong Le; Nguyen, Manh Hung - Development and Policies Research Center (Depocen) - 2008

utilities. The agents do not have the same beliefs. We use the methods in Le Van - Truong Xuan (JME, 2001) but one of their … give a proof of existence of equilibrium when the number of states is inï¬nite or ï¬nite. …

Persistent link: https://www.econbiz.de/10004968652

A Non-dictatorial Criterion for Optimal Growth Models

Kama, Alain Ayong Le; Van, Cuong Le; Schubert, Katheline - Development and Policies Research Center (Depocen) - 2008

There are two main approaches for defining social welfare relations for an economy with infinite horizon. The first one is to consider the set of intertemporal utility streams generated by a general set of bounded consumptions, and define a preference relation between them. This relation is...

Persistent link: https://www.econbiz.de/10004968654

New Technology, Human Capital and Growth for Developing Countries

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...

Persistent link: https://www.econbiz.de/10004968655

Existence of competitive equilibrium in an optimal growth model with heterogeneous agents and endogenous leisure

Van, Cuong Le; Nguyen, Manh-Hung - Development and Policies Research Center (Depocen) - 2008

This paper proves the existence of competitive equilibrium in a single sector dynamic economy with heterogeneous agents and elastic labor supply. The method of proof relies on some recent results concerning the existence of Lagrange multipliers in inï¬nite dimensional spaces and their...

Persistent link: https://www.econbiz.de/10004968662

New Technology, Human Capital, Total Factor Productivity and Growth Process for Developing

Van, Cuong Le; Nguyen, Tu-Anh - Development and Policies Research Center (Depocen) - 2008

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

Walras and dividends equilibrium with possibly satiated consumers

Allouch, Nizar; Van, Cuong Le - Development and Policies Research Center (Depocen) - 2008

The main contribution of the paper is to provide a weaker nonsatiation assumption than the one commonly used in the literature to ensure the existence of competitive equilibrium. Our assumption allows for satiation points in the set of individually feasible consumptions, provided that the...

Persistent link: https://www.econbiz.de/10004968669

With Exhaustible Resources, Can A Developing Country Escape From The Poverty Trap?

Van, Cuong Le; Schubert, Katheline; Nguyen, Tu Anh - Development and Policies Research Center (Depocen) - 2007

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...

Persistent link: https://www.econbiz.de/10004968675

When Does a Developing Country Use New Technologies?

Bruno, Olivier; Van, Cuong Le; Masquin, Benoît - Development and Policies Research Center (Depocen) - 2008

We develop a model of optimal pattern of economic development that is first rooted in physical capital accumulation and then in technical progress. We study an economy where capital accumulation and innovative activity take place within a two sector model. The first sector produces a consumption...

Persistent link: https://www.econbiz.de/10005070009

Non-convex Aggregate Technology and Optimal Economic Growth

Hung, N. M.; Van, Cuong Le; Michel, P. - Development and Policies Research Center (Depocen) - 2008

rate is either low enough or high enough, there will be one steady state equilibrium toward which the convergence of the … for having either one equilibrium or multiple equilibria steady state. Depending to whether the initial capital per capita … sufficient conditions to have either unique or two steady states when the discount rate is in some intermediate range . In the …

Persistent link: https://www.econbiz.de/10005028785