ENDOGENOUS GROWTH: A SEQUENTIAL STOCHASTIC SEARCH MODEL FOR NEW TECHNOLOGY

Q: How can I download an article?

To download an article from SID, first log in to the site, search for the article title, and click on the 'Download Article' option.

Q: How can I download an ISI article?

To download an ISI article on SID, enter the keyword or article title in the search bar, view the relevant results, click on the desired article, and select the 'Download Article' option.

Q: How can I access the SID database?

To access the SID database, visit SID.ir, create an account, and log in to access scientific resources.

Q: Is downloading articles from SID free?

Some articles on SID are available for free, while others require payment. Details are specified on the article's page.

ZAHEDI VAFA MOHAMMAD HADI

مرکز اطلاعات علمی Scientific Information Database (SID) - Trusted Source for Research and Academic Resources

Journal Paper

Paper Information

Journal: Iranian Journal of Economic Research Year:2011 | Volume:16 | Issue:46 Page(s): 145-181

Download Full-Text

Persian Verion

View:

771

Download:

348

Cites:

Information Journal Paper

Title

ENDOGENOUS GROWTH: A SEQUENTIAL STOCHASTIC SEARCH MODEL FOR NEW TECHNOLOGY

Author(s)

ZAHEDI VAFA MOHAMMAD HADI | Issue Writer Certificate

Keywords

ENDOGENOUS GROWTHQ2

SEARCH THEORYQ2

INNOVATIONQ2

TECHNOLOGYQ2

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 bounded complements—they complement each other to a point, but beyond this the impact of each factor is constrained by the level of the other. As a result, both technological progress and capital accumulation are necessary for sustained growth, but neither on its own is sufficient. Technological advancement stimulates capital accumulation by raising the marginal product of capital. Rapid capital accumulation stimulates R&D investments by raising the expected profitability of INNOVATION. This paper discusses different possible regimes that an economy may find itself in as a result of the interactions between capital accumulation and technological INNOVATIONs and has important implications for growth-promoting policies, knowledge spillover, and international flow of capital.

Cites

No record.

References

No record.

Cite

APA: Copy

ZAHEDI VAFA, MOHAMMAD HADI. (2011). ENDOGENOUS GROWTH: A SEQUENTIAL STOCHASTIC SEARCH MODEL FOR NEW TECHNOLOGY. IRANIAN ECONOMIC RESEARCH, 16(46), 145-181. SID. https://sid.ir/paper/2790/en

Vancouver: Copy

ZAHEDI VAFA MOHAMMAD HADI. ENDOGENOUS GROWTH: A SEQUENTIAL STOCHASTIC SEARCH MODEL FOR NEW TECHNOLOGY. IRANIAN ECONOMIC RESEARCH[Internet]. 2011;16(46):145-181. Available from: https://sid.ir/paper/2790/en

IEEE: Copy

MOHAMMAD HADI ZAHEDI VAFA, “ENDOGENOUS GROWTH: A SEQUENTIAL STOCHASTIC SEARCH MODEL FOR NEW TECHNOLOGY,” IRANIAN ECONOMIC RESEARCH, vol. 16, no. 46, pp. 145–181, 2011, [Online]. Available: https://sid.ir/paper/2790/en

Related Journal Papers