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According to Michael Kremer’s research, the Chinese one-child policy may hamper technological progress. Use the Romer...

According to Michael Kremer’s research, the Chinese one-child policy may hamper technological progress. Use the Romer Growth Model to explain why?

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In China one child policy was made applicable from 1979. At that time the Chinese population was very young this policy has made the Chinese population today very aged. However in this period of last 3 decades China has grown very fast and has also done tremendous progress in Technological developments.
Romer growth model argues that the in society for economic development , it is very important that the knowledge based of the society grow. According to this model the poclies that promote the acquiring of knowledge , opensess , innovation will help in growing the economic development faster.
Therefore using these 2 models together while the One Child policy helped in the past to grow its economy faster if it continues in future the ageing population may not acquire more knowledge driven and it may hamper the technology driven growth and slow down the economy.

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