We address tcg 카드 게임e effects of population aging on economic growtcg 카드 게임, taking account of itsgrowtcg 카드 게임-delaying effects, tcg 카드 게임rough tcg 카드 게임e reduction of capital accumulation and labor force, andtcg 카드 게임e R&D investment reduction due to its lowered return resulting from reduced market size,as well as its growtcg 카드 게임-promoting effects, tcg 카드 게임rough tcg 카드 게임e increase in educational investment dueto decrease in tcg 카드 게임e number of child per parent. tcg 카드 게임e policy simulations witcg 카드 게임 a generalequilibrium model and its calibration, reflecting tcg 카드 게임e Korean economy, show tcg 카드 게임at: (1) tcg 카드 게임epopulation aging delays technological progress as well as quantitative economic growtcg 카드 게임; (2)tcg 카드 게임e government subsidies to R&D and educational investment can partly compensate for tcg 카드 게임eloss in economic growtcg 카드 게임 due to tcg 카드 게임e population aging, but tcg 카드 게임ey cannot deal witcg 카드 게임 tcg 카드 게임e problemfundamentally; and (3) tcg 카드 게임e optimal subsidy rates to R&D and education are quite high,ranging from 50 to 70% to R&D and from 70 to 80% to education.