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Author = Zahedi Vafa, Mohammad Hadi

Number of Articles: 1
Endogenous Growth: A Sequential Stochastic Search Model for New Technology

Mohammad Hadi Zahedi Vafa

Volume 16, Issue 46 , April 2011, , Pages 145-181

Abstract
  Endogenous growth model developed here emphasizes dynamics, with explicit modeling of knowledge accumulation. Considering the uncertainty inherent in any search process, the model presents a dynamic stochastic system in which new technology and capital accumulation are boundedcomplements—they complement ...  Read More