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Oh this is a new paper (draft) titled: “WHY WE NEED COBB DOUGLAS FUNCTION AND OPTIMAL ECONOMIC POLICY”
Abstract
The goal of This article focuses on analyzing WHY WE NEED COBB DOUGLAS FUNCTION AND OPTIMAL ECONOMIC POLICY in recent years. Method: include Qualitative research method: synthesis and inductive methods. The collaborative economy creates new marketplaces and is “shaking the very bedrock of an industrial system sustained on commercial value chains” (Dredge and Gylmothy, 2017. We also expand SWOT model by adding Value part analysis on it. Results: Authors stated threats including but not limit to: ADB reduced GDP growth of big economies (forecast) : EU, US, China Japan,..; monetary and financial markets still has risks (exist), low credit growth; possibility of recession in the short term; high inflation continues to persist in many countries; strategic and geopolitical competition between major countries.
Keywords: SWOT, factors, R&D, economic innovation, cobb douglas, technological change