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文章基本信息

  • 标题:Quality of Knowledge Technology, Returns to Production Technology and Economic Development
  • 本地全文:下载
  • 作者:Cuong LE VAN, H. Cagri SAGLAM
  • 期刊名称:Discussion Paper / Département des Sciences Économiques de l'Université Catholique de Louvain
  • 印刷版ISSN:1379-244X
  • 出版年度:2002
  • 卷号:1
  • 出版社:Université catholique de Louvain
  • 摘要:Presenting a discrete time version of the Romer (1986) model, this paper analyzes optimal paths in a one-sector growth model when the technology is not convex. We prove that for a given quality of knowledge technology, the countries could take-off if their initial stock of capital are above a critical level; otherwise they could face a poverty-trap. We show that for an economy which wants to take-off by means of knowledge technology requires three factors : large amount of initial knowledge, small fixed costs and a good quality of knowledge technology.
  • 关键词:Optimal Growth;optimal path;value fuction;poverty-trap;increasing returns
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