Endogenous Growth: A Sequential Stochastic Search Model for New Technology
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 comple...
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| Format: | Article |
| Language: | fas |
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Allameh Tabataba'i University Press
2011-03-01
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| Series: | فصلنامه پژوهشهای اقتصادی ایران |
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| Online Access: | https://ijer.atu.ac.ir/article_3315_46278f54674ace82ca327619d6060eec.pdf |