This study explains human capital (Technological Labor) and technological intervention in the Solow model and its descendants. This study illustrates one of the major applications of the Solow model, an expose that incorporates human capital, moreover it explains the role of human capital and...

Increasing population generates a number of challenges for today and in the future world. According to the results of World Population Prospect 2015, world population reached 7.3 billion as of mid-2015 and continually increasing to 11.2 billion in 21001. on the one hand climate and global...

This Paper describes the theoretical explanation of the Solow model with capital accumulation, using a data-driven empirical analysis. First, we focus on reusing the technological investment to increase the rate of output growth. Further discusses an expelling theory of the aggregate production...

In this discussion paper explains economic theory for research and development (R&D) policy. Dasgupta and Stiglitz (1980) illustrated the reasons for economic theory to be much complicated in the information field. Because economic results in an asymmetric information condition. This in turn...