By Hisakazu Kato
Analyzing the relation among inhabitants elements and technological development is the most goal of this publication. With its declining inhabitants, Japan faces the straightforward yet tricky challenge of no matter if sustained financial development might be maintained. even if there are numerous reviews to enquire destiny fiscal progress from the perspective of work strength transition and the reducing saving price, technological development is an important issue to be thought of sooner or later direction of the japanese economic system. Technological growth is the results of techniques or advancements within the caliber of human and actual capital. the rise in technological growth, that's measured as overall issue productiveness (TFP), is discovered either via advancements in productiveness within the brief time period and via fiscal advancements within the long-term. the writer investigates the connection of inhabitants components and productiveness, targeting productiveness development within the brief time period. Many discussions have lengthy been held concerning the relation among inhabitants and technological development. From the outdated Malthusian version to the trendy endogenous monetary progress versions, quite a few theories are built within the context of progress thought. during this publication, those discussions are summarized in short, with an research of the quantitative relation among inhabitants and technological development utilizing country-based panel facts in contemporary periods.
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Additional info for An Empirical Analysis of Population and Technological Progress
Firstly, a labor-augmenting technological progress exists. Using the production function form, we can describe this as follows: Y ¼ FðK; ALÞ: This labor-augmenting technological progress serves to enhance the efﬁciency of labor, and in this case, it is difﬁcult to calculate the pure contribution of technological progress to GDP growth. Secondly, there is a fundamental theory that some signiﬁcant relationship exists between technological progress and labor input. This is the main theme of this study.
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2007). Measuring multifactor productivity growth. OECD Science, Technology and Industry Working Papers, 2007/05. World Bank. (2015). World Bank Open Data. 30). Chapter 3 Theoretical and Empirical Analysis of Population and Technological Progress Abstract This chapter conﬁrms the relationship between population growth and technological progress using theoretical and empirical studies. First, we look at some theories of technological progress in terms of population scale and growth. Many economists have asserted that a larger population induces more innovation, new technology, ideas, and so on.