Traditionally, economists have considered the accumulation of conventional inputs such as labour and capital to be the primary force behind economic growth. In the late-1990s however, many economists place technological progress at the centre of the growth process. This shift is due to theoretical developments that allow researchers to link microeconomic outcomes. Most economists have viewed technological progress as an incremental process. A few have focused on the role of drastic innovations - those that introduce a discontinuity. 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. Examples of GPTs are the steam engine, electricity and the computer. The study of GPTs is relatively new. A universal theoretical framework for dealing with GPTs does not yet exist. The essays in this book are aim to both further our understanding of GPT-driven economic growth and lay the foundation for further developments of the available frameworks.
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Elhanan Helpman is Professor of Economics at Harvard University, the Archie Sherman Chair Professor of International Economic Relations in the Eitan Berglas School of Economics at Tel-Aviv University, and a Fellow at the Canadian Institute for Advanced Research.
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Descrizione libro The MIT Press, 1998. Hardcover. Condizione libro: New. book. Codice libro della libreria 0262082632
Descrizione libro The MIT Press, 1998. Hardcover. Condizione libro: New. Codice libro della libreria DADAX0262082632
Descrizione libro The MIT Press, 1998. Hardcover. Condizione libro: New. Codice libro della libreria P110262082632