Capital accumulation or capital formation is the process of adding a net capital stock in an econ... more Capital accumulation or capital formation is the process of adding a net capital stock in an economy in an effort to increase total output. Whereas population growth is a change in population at any time, and can be calculated as a change in the number of individuals in a population using "per unit time" for measurement. The purpose of this research is to find out what is capital accumulation and population growth and to know what its effects on economic growth are, and to show the development of technological progress in the Solow Model. The data in this study uses a quantitative method model. The results of data analysis show that capital accumulation and population growth are very influential on economic growth. The Sollow model also assumes an unchanging relationship between capital and labor input and the output of goods and services.
Capital accumulation or capital formation is the process of adding a net capital stock in an econ... more Capital accumulation or capital formation is the process of adding a net capital stock in an economy in an effort to increase total output. Whereas population growth is a change in population at any time, and can be calculated as a change in the number of individuals in a population using "per unit time" for measurement. The purpose of this research is to find out what is capital accumulation and population growth and to know what its effects on economic growth are, and to show the development of technological progress in the Solow Model. The data in this study uses a quantitative method model. The results of data analysis show that capital accumulation and population growth are very influential on economic growth. The Sollow model also assumes an unchanging relationship between capital and labor input and the output of goods and services.
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