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|Title: ||An endogenous growth model with R&D uncertainty|
|Other Titles: ||Nei sheng zeng zhang mo xing yu yan fa bu que ding xing|
|Authors: ||Liu, Fangge (劉舫舸)|
|Department: ||Department of Economics and Finance|
|Degree: ||Master of Philosophy|
|Issue Date: ||2010|
|Publisher: ||City University of Hong Kong|
|Subjects: ||Endogenous growth (Economics)|
Economic development -- Mathematical models.
Uncertainty -- Mathematical models.
Technological innovations -- Mathematical models
|Notes: ||CityU Call Number: HD75.5 .L58 2010|
v, 69 leaves : ill. 30 cm.
Thesis (M.Phil.)--City University of Hong Kong, 2010.
Includes bibliographical references (leaves 66-69)
|Abstract: ||This thesis investigates the interplay between uncertainty, technological innovations,
and economic growth in an overlapping-generations model. By introducing random
shocks into the process of an expanding variety of intermediate products, the analysis
provides insight into the potential connection between research and development
(R&D) uncertainty and economic growth in a stochastic version of Romer's model of
technological change. Overall, the thesis presents a new perspective on studying the
effects of short-run shocks on long-run growth through R&D activities. The
comparative analyses show that long-run mean growth is sensitive to factors such as
rate of intertemporal substitution, variance of exogenous shocks, and persistence of
|Online Catalog Link: ||http://lib.cityu.edu.hk/record=b3947567|
|Appears in Collections:||EF - Master of Philosophy |
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