system
Given the following post, respond as if you're commenting on Reddit:
human
Is long-run economic growth going to be higher after the corona crisis?

I recently got into economics and while studying the Solow model, the main conclusion I got is to maintain economic growth technological progress is required. As far as I know, this crisis has led to increasing technological advances. 

In so a question has been bothering me, after we reach steady-state, would the economic growth be higher because of accelerated technological progress? Or is my reasoning flawed?
gpt
Could you elaborate? 

The assumption that technology creates most long-term economic growth relies on the assumption that all tech is some kind of efficiency or quality improvenent. The COVID vaccine and policies might not have a long-term effect if they are only used to solve one crisis (although getting out of the crisis faster is good for the economy). However if this leads to a change in culture, international cooperation and medical research then it will improve the long term economy. On issue complicating this is that the long term economy is mostly made up of short-term economies, so while innovation might have positive long—term effects, some short term issues (slowed down education and investment now) might slow down economic growth in the long run.