general purpose technologies
Abstract
Economists have long been interested in how technological change affects long-run growth and aggregate fluctuations, yet it remains most often treated as incremental in nature, adding only a trend to standard growth models. History tells us, however, that such change can appear in bursts, with flurries of innovative activity following the introduction of a new core technology. This observation leads economists to reserve the term...
Paper Details
Title
general purpose technologies
Published Date
Jan 1, 2005
Volume
1
Pages
1181 - 1224
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Notes
History