The Study Of Solow-Swan Model With The Factor Of Technological Progress

This paper focuses on the subject of the classical economic Solow model. The previous studys do not consider the role of technological progress and assume that the population growth rate is a constant and does not change over time. However, the reality is not the case. Therefore, this article investigates the Solow model with the population growth rate which depands on time variable. We derive a first-order differential system. Considering the role of technological progress, we discuss the accumulation of social wealth changes and the impact on our economy when the population growth rate is negative.