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Semi-endogenous growth model emphasizes human capital accumulation and technological advances in supporting economic growth. While most countries in the world lack the ability to accumulate their human capital and advance in technology, the privilege of research and development lies on part of developed nations. The increase in the stock of knowledge can come from different interactions with other countries in the world. But the crucial point to make is what underlies these differences amongdoi:10.15408/sjie.v8i1.9136 fatcat:7mqd6xvmrngkzgasvgp24ms2km