International Journal of Academic Research and Development

International Journal of Academic Research and Development


International Journal of Academic Research and Development
International Journal of Academic Research and Development
Vol. 2, Issue 6 (2017)

Research and development on economic development


Supriya S Belavi

The paper overviews the research and development on economic development in the world. Technology and technological advances are key mechanism of innovation and economic growth in high-income economies. Technology has been the real force behind rising standards of livelihood, a role that has grown over the last century given the global trend towards knowledge-based economies. Romer’s model of Endogenous Technical Change of 1990 identifies a research sector specialising in the production of ideas. This sector invokes human capital along with the existing stock of knowledge to produce ideas or new knowledge. The study is based on secondary data the data collected from RBI handbook of statistics, Ministry of Human Resource Department (MHRD) Government of India, Registrar General of India, Primary Census Abstract 2011, Indiastat, World Bank. Simple statistical tools such as percentage, ratio, and growth rate analysis used. India is lagging in almost human capital formation either health or education and which has direct and indirect effect on research and development consequence slow human capital formation during reform period.
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How to cite this article:
Supriya S Belavi. Research and development on economic development. International Journal of Academic Research and Development, Volume 2, Issue 6, 2017, Pages 886-890
International Journal of Academic Research and Development International Journal of Academic Research and Development