Development of Economic Growth Theory
Abstract
This article discusses neoclassical models of economic growth, in particular the Solow-Swan model. The main factors of the model - capital, labor and technology - are analyzed. The neoclassical approach emphasizes the role of technological progress in economic growth. The practical significance of this model and its relevance today are also discussed.
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Authors
Ilkhomovich, A. I. (2026). Development of Economic Growth Theory. Journal of Innovation in Education and Social Research, 4(5), 22–26. Retrieved from https://journals.proindex.uz/index.php/JIESR/article/view/3303
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