Thesiss

A model in which firms carry out a sequential search to raise their technological level is formulated under the overlapping-generations framework. Technological improvements are random outcomes of a sequential search process, which is financed by the capital raised by firms. The…

This dissertation explores some important issues in growth. Our models are characterized by endogenous growth where the optimal growth rate is determined within the model. Human capital plays a very important role in the growth process. This is the first study to find closed for…

This study investigates the impact of anticipated and unanticipated changes in the growth rate of money supply on the value-added output of large, mid-size, and small firms. In this study we also investigate the role of knowledge and experience on the coefficients of anticipated…