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general purpose technologies and economic growth

Listed: Ristuccia, C.A. Contributors The contributors to this volume are concerned with the type of drastic innovation called general purpose technologies (GPTs). ABSTRACT . Fast and free shipping free returns cash on delivery available on eligible purchase. This paper evaluates the diffusion of electricity within the context of a GPT perspective. (ed.) It looks like WhatsApp is not installed on your phone. In Helpman, E. In: Carlsson B. Unlike incremental innovation, GPTs can trigger an uneven growth trajectory, which starts with a prolonged slowdown followed by a fast acceleration. Hello Select your address Best Sellers Today's Deals Gift Ideas Electronics Customer Service Books New Releases Home Computers Gift Cards Coupons Sell Whether it foments antisocial behavior, cultural polarization, or wide-scale labor disruptions, technological change is a frustrating and perennial struggle facing society. General Purpose Technologies: Characteristics And Impact On Economic Growth . Two main approaches to studying economic growth over the very long-run are found in the literature: the analysis of economic historians and the formal model building of economic theorists. Unique in the diversity of the analytical techniques used, the book begins with a discussion of the causes and consequences of economic growth and technological change. GENERAL PURPOSE TECHNOLOGIES IN THEORY, APPLICATIONS AND CONTROVERSY: A REVIEW. General Purpose Technologies and Economic Growth: Electricity Diffusion in the Manufacturing Sector Before WWII. Andrea O'Sullivan Feature Writer @anjiecast. Please try again. Electricity and Information Technology (IT) are perhaps the two most important general purpose technologies (GPTs) to date. © 2008-2020, Amazon.com, Inc. or its affiliates. Amazon.ca is a trademark of Amazon.com, Inc. We work hard to protect your security and privacy. The authors argue that long term economic growth is largely driven by pervasive technologies now known as General Purpose (GPTs). e-Campus University, Como, Italy Email: antonella.laino@uniecampus.it . A GPT has the potential to affect the entire economic system and can lead to far-reaching changes in such social factors as working hours and constraints on family life. Amazon has encountered an error. The purpose of this paper is to characterize the innovation activity and the growth rate of an economy featuring a high degree of heterogeneity both in terms of output variety and of the technologies that are accordingly employed and to investigate the mechanics through which a single technological principle is introduced through the whole economy, becoming thus a GPT. Edit. Philippe Aghion, Ciff Bekar, Timothy Bresnahan, Kenneth Carlaw, Alfonso Gambardella, Richard G. Harris, Elhanan Helpman, Peter Howitt, Richard G. Lipsey, Kevin M. Murphy, Craig Riddell, Paul Romer, Nathan Rosenberg, Manuel Trajtenberg, Gene M. Grossman and Elhanan Helpman, https://mitp-web.mit.edu/books/general-purpose-technologies-and-economic-growth, International Affairs, History, & Political Science, Innovation and Growth in the Global Economy, General Purpose Technologies and Economic Growth. They establish an alternative to the standard growth models that use an aggregate production function and then introduce the concept of GPTs, complete with a study of how these technologies have transformed the West since the Neolithic Agricultural Revolution. The study of GPTs is relatively new. 1998. Innovation diffusion, general purpose technologies and economic growth ... Economic growth. The contributors to this volume are concerned with the type of drastic innovation called general purpose technologies (GPTs). H. Drake Library (St. Paul's College) J.W. Buy the Paperback Book Economic Transformations: General Purpose Technologies and Long-Term Economic Growth by Richard Lipsey at Indigo.ca, Canada's largest bookstore. Economic historians take a … We are sorry. Williams Law Library; Eckhardt-Gramatté Music Library; Elizabeth Dafoe Library ; Fr. Carolyn Sifton - Helene Fuld Library (St. Boniface General Hospital) Concordia Hospital Library; Donald W. Craik Engineering Library; E.K. The authors argue that long term economic growth is largely driven by pervasive technologies now known as General Purpose (GPTs). Our payment security system encrypts your information during transmission. 1. Co-winner of the 2006 Shumpeter Prize for best writing on evolutionary economics over the preceeding two years. Hello Select your address Best Sellers Today's Deals New Releases Electronics Books Customer Service Gift Ideas Home Computers Gift Cards Subscribe and save Coupons Sell We argue that if the technological distance between goods is sufficiently large, then the economy is trapped in a no-growth equilibrium where innovations remain isolated events, while if it is sufficiently short, then innovations eventually percolate throughout the whole economy, leading to the emergence of general purpose technologies and sustained long run growth. Whole eras of technical progress and economic growth appear to be driven by a few key technologies, which we call General Purpose Technologies (GPT's). The essays in this book both further our understanding of GPT-driven economic growth and lay the foundation for further developments of the available frameworks. How Technology Affects Economic Growth. (eds) Technological Systems and Industrial Dynamics. … Growth that is driven by general purpose technologies is different from growth driven by incremental innovation. On the Macroeconomic Effects of Major Technological Change. The contributors to this volume are concerned with the type of drastic innovation called general purpose technologies (GPTs). A few have focused on the role of drastic innovations—those that introduce a discontinuity. GPTs have the potential to drastically alter societies through their impact on pre-existing economic and social structures. Buy General Purpose Technologies and Economic Growth by Helpman, Elhanan online on Amazon.ae at best prices. In every ‘era’ innovations emerge which, due to the specific characteristics that distinguish them, have enormous impacts on the global economic system for a long period of time. 0 Ratings 0 Want to read; 0 Currently reading; 0 Have read; This edition published in 1998 by MIT Press in Cambridge, Mass. General Purpose Technologies and Economic Growth: Electricity Diffusion in the Manufacturing Sector Before WWII. MIT Press began publishing journals in 1970 with the first volumes of Linguistic Inquiry and the Journal of Interdisciplinary History. Whole eras of technical progress and growth appear to be driven by a few 'General Purpose Technologies' (GPT's), such as the steam engine, the electric motor, and semiconductors. Examples of GPTs are the steam engine, electricity, and the computer. By Richard G. Lipsey, Kenneth I. Carlaw and Clifford Bekar. Other key references. A GPT has the potential to affect the entire economic system and can lead to far-reaching changes in such social factors as working hours and constraints on family life. In Helpman, E. Evolutionary economics applied to historical technological change and sustainable long term economic growth; application in policy analysis of economic growth, development and sustainability as well in the development of measurement methodology; analysis of issues of socially just wealth distribution. Examples include the steam engine, railroad, interchangeable parts, electricity, electronics, material handling, mechanization, control theory, the automobile, the computer, the Internet, medicine, and artificial intelligence. General purpose technologies are technologies that can affect an entire economy. The Electricity and IT eras are similar, but also differ in several important ways. They establish an alternative to the standard growth models that use an aggregate production function and then introduce the concept of GPTs, complete with a study of how these technologies have transformed the West since the Neolithic … Traditionally, economists have considered the accumulation of conventional inputs such as labor and capital to be the primary force behind economic growth. Eliasson G. (1997) General Purpose Technologies, Industrial Competence and Economic Growth. The authors argue that long term economic growth is largely driven by pervasive technologies now known as General Purpose (GPTs).They establish an alternative to the standard growth models that use an aggregate production function and then introduce the concept of GPTs, complete with a study of how these technologies have transformed the West since the Neolithic Agricultural Revolution. (PDF) General Purpose Technologies and Economic Growth | Elhanan Helpman - Academia.edu Academia.edu is a platform for academics to share research papers. General Purpose Technologies and Economic Growth , Cambridge: MIT Press, 1998, 121-144. (Helpman, 2004, p. 51) All rights reserved. We analyze how the U.S. economy reacted to them. Now, however, many macroeconomists place technological progress at the center of the growth process. Free shipping and pickup in store on eligible orders. Show simple item record General Purpose Technologies and Long Term Growth. and economic growth (Qiang, 2009). Author & abstract; Download; Related works & more; Corrections; Author . We don’t share your credit card details with third-party sellers, and we don’t sell your information to others. And Why It Matters for Policymakers. General Purpose Technologies and Economic Growth: Helpman, Professor Elhanan: Amazon.com.mx: Libros An edition of General purpose technologies and economic growth (1998) G eneral purpose technologies and economic growth by Elhanan Helpman. In this paper we use comprehensive firm-level data from around the world to analyze the effect of access to telecom services—with particul ar attention to the Internet—on firm productivity and growth. The benefits largely accrue to a few oligarchs. A GPT has the potential to affect the entire economic system and can lead to far-reaching changes in such social factors as working hours and constraints on family life. Antonella Laino . (editor) Cambridge, MA: The MIT Press. The contributors to this volume are concerned with the type of drastic innovation called general purpose technologies (GPTs). A GPT has the potential to affect the entire economic system and can lead to far-reaching changes in such social factors as working hours and constraints on family life. General Purpose Technologies and Economic Growth , Cambridge: MIT Press, 1998, 193-218. Thus the steam engine and the electric motor may have played such a role in the past, whereas semiconductors and computers may be … Recommended articles Citing articles (0) ☆ We gratefully wish to acknowledge comments received by participants to the WEHIA 2013 workshop, the CEF 2013 conference, the ‘Deterministic and stochastic dynamics in economics and finance’ conference, Pisa 2013 and a Durham University seminar, 2014. Please use a different way to share. Last edited by ImportBot. Technology is something to resist. August 4, 2020 | History. General Purpose Technologies and Economic Growth. Examples of GPTs are the steam engine, electricity, and the computer. G eneral purpose technologies and economic growth × ... Embed. 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