Tu Anh Nguyen

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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. Moreover, it can sell the extracted resource abroad and use the revenues to buy an imported good, which is a perfect substitute of the domestic consumption good.(More)
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 the main engine of growth. We underpin the importance of …xed(More)
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