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New Trend of Materialized Technology and Elite Human Capital—Endogenous Growth Model Improvement and Computer Implementation Framework

In: INTERNET FINANCE AND DIGITAL ECONOMY Advances in Digital Economy and Data Analysis TechnologyThe 2nd International Conference on Internet Finance and Digital Economy, Kuala Lumpur, Malaysia, 19 – 21 August 2022

Author

Listed:
  • Yiming Qian
  • Yankun Yi
  • Xi Xi

Abstract

“The steady development of human capital and science and technology” has always been the two recognized driving forces of economic growth, and the corresponding endogenous growth theory is also the mainstream method to explain economic growth. However, with the development of society, the dynamic equation of technology and human capital in the traditional model of “learning by doing” is insufficient to explain. To study the dynamic evolution rules of technology and human capital, considering the physical and chemical technology, the scientific research resource, education investment, technology and talent selection factors, we summarize the function form, develop a new framework of endogenous growth model, and carry out the preliminary analysis of the formation of dynamic optimization problems as the general framework of multidimensional differential equations. Finally, the steps of computer analysis of multidimensional nonlinear differential equations are given to provide the basis of economic theory analysis.

Suggested Citation

  • Yiming Qian & Yankun Yi & Xi Xi, 2023. "New Trend of Materialized Technology and Elite Human Capital—Endogenous Growth Model Improvement and Computer Implementation Framework," World Scientific Book Chapters, in: Faruk Balli (ed.), INTERNET FINANCE AND DIGITAL ECONOMY Advances in Digital Economy and Data Analysis TechnologyThe 2nd International Conference on Internet Finance and , chapter 68, pages 903-916, World Scientific Publishing Co. Pte. Ltd..
  • Handle: RePEc:wsi:wschap:9789811267505_0068
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    Keywords

    Internet Economy; Online Finance; Financial Engineering; Big Data; Blockchain; Supply Chain; E-commerce;
    All these keywords.

    JEL classification:

    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • G2 - Financial Economics - - Financial Institutions and Services

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