General purpose technologies ‘Engines of growth’?
نویسندگان
چکیده
منابع مشابه
The Dynamic Effects of General Purpose Technologies on Schumpeterian Growth
General purpose technologies (GPTs) are drastic innovations, such as electrification, the transistor, and the Internet, that are characterized by the pervasiveness in use, innovational complementarities, and technological dynamism. The transitional and long-run dynamic effects of a GPT are analyzed within a quality-ladders model of scale-invariant Schumpeterian growth. The diffusion path of a G...
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Intermediate goods are another produced factor of production, like capital. Simple examples suggest that the multiplier associated with intermediate goods can be substantial, even larger than the one resulting from physical capital accumulation. This paper evaluates this insight using a model in which N goods are produced using all of the other goods as intermediate inputs. Calibrating the mode...
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ژورنال
عنوان ژورنال: Journal of Econometrics
سال: 1995
ISSN: 0304-4076
DOI: 10.1016/0304-4076(94)01598-t