Economic Model with Education and Technological Progress

doi:10.13438/j.cnki.jdzk.2020.04.004

Abstract

Abstract:

In order to study the relationship between technological progress and economic development, an improved economic model with education and technological progress is constructed. A non-autonomous differential dynamic system is established and transformed into an autonomous differential dynamic system. A sufficient condition for the stability of autonomous system is obtained by using the stability theory. The growth rates of economic and educational variables are calculated, and the numerical simulations are given to verify the stability of the system. The results show that technological progress and education are of great significance to economic growth.

Key words: education, technological progress, economic growth, dynamic system

WANG Shan, WANG Feng. Economic Model with Education and Technological Progress[J]. Journal of Jishou University（Natural Sciences Edition), DOI: 10.13438/j.cnki.jdzk.2020.04.004.

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Economic Model with Education and Technological Progress

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