general purpose technologies and economic growth

In: Carlsson B. On the Macroeconomic Effects of Major Technological Change. Buy General Purpose Technologies and Economic Growth by Helpman, Elhanan online on Amazon.ae at best prices. All rights reserved. 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. Electricity and Information Technology (IT) are perhaps the two most important general purpose technologies (GPTs) to date. (editor) Cambridge, MA: The MIT Press. 0 Ratings 0 Want to read; 0 Currently reading; 0 Have read; This edition published in 1998 by MIT Press in Cambridge, Mass. 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. General Purpose Technologies and Economic Growth: Helpman, Elhanan: 9780262514682: Books - Amazon.ca 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 don’t share your credit card details with third-party sellers, and we don’t sell your information to others. 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. It looks like WhatsApp is not installed on your phone. Last edited by ImportBot. General Purpose Technologies and Economic Growth: Electricity Diffusion in the Manufacturing Sector Before WWII. 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. 1998. This shift is due to new theoretical developments that allow researchers to link microeconomic aspects of the innovation process with macroeconomic outcomes.Most economists have viewed technological progress as an incremental process. H. Drake Library (St. Paul's College) J.W. Traditionally, economists have considered the accumulation of conventional inputs such as labor and capital to be the primary force behind 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. General purpose technologies are technologies that can affect an entire economy. ABSTRACT . Unlike incremental innovation, GPTs can trigger an uneven growth trajectory, which starts with a prolonged slowdown followed by a fast acceleration. Examples of GPTs are the steam engine, electricity, and the computer. 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. (eds) Technological Systems and Industrial Dynamics. Thus the steam engine and the electric motor may have played such a role in the past, whereas semiconductors and computers may be … … MIT Press Direct is a distinctive collection of influential MIT Press books curated for scholars and libraries worldwide. GPTs have the potential to drastically alter societies through their impact on pre-existing economic and social structures. Economic historians take a … 1. 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 … 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. That is unsurpris ing: general-purpose tec hnologies take time to affect economic performance (Basu and Fernald, 2008). Examples of GPTs are the steam engine, electricity, and the computer. Show simple item record A universal theoretical framework for dealing with GPTs does not yet exist. Buy the Paperback Book Economic Transformations: General Purpose Technologies and Long-Term Economic Growth by Richard Lipsey at Indigo.ca, Canada's largest bookstore. Free shipping and pickup in store on eligible orders. Williams Law Library; Eckhardt-Gramatté Music Library; Elizabeth Dafoe Library ; Fr. GENERAL PURPOSE TECHNOLOGIES IN THEORY, APPLICATIONS AND CONTROVERSY: A REVIEW. © 2008-2020, Amazon.com, Inc. or its affiliates. General Purpose Technologies and Economic Growth. Amazon has encountered an error. Yes, I want fast, free delivery with Amazon Prime. General Purpose Technologies and Economic Growth: Electricity Diffusion in the Manufacturing Sector Before WWII. Please use a different way to share. 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. Both literatures agree that technological change is a major driver of economic growth. Growth that is driven by general purpose technologies is different from growth driven by incremental innovation. Amazon.ca is a trademark of Amazon.com, Inc. We work hard to protect your security and privacy. Antonella Laino . The study of GPTs is relatively new. Eliasson G. (1997) General Purpose Technologies, Industrial Competence and Economic Growth. Now, however, many macroeconomists place technological progress at the center of the growth process. General Purpose Technologies: Characteristics And Impact On Economic Growth . Listed: Ristuccia, C.A. 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. (ed.) Whether it foments antisocial behavior, cultural polarization, or wide-scale labor disruptions, technological change is a frustrating and perennial struggle facing society. And Why It Matters for Policymakers. In Helpman, E. The contributors to this volume are concerned with the type of drastic innovation called general purpose technologies (GPTs). Aghion, Philippe and Peter Howit (1998). Innovation diffusion, general purpose technologies and economic growth ... Economic growth. Other key references. Please try again. This book uses historical, institutional and theoretical analysis to examine long term economic growth. (PDF) General Purpose Technologies and Economic Growth | Elhanan Helpman - Academia.edu Academia.edu is a platform for academics to share research papers. The benefits largely accrue to a few oligarchs. 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). General Purpose Technologies and Economic Growth , Cambridge: MIT Press, 1998, 193-218. A few have focused on the role of drastic innovations—those that introduce a discontinuity. (Helpman, 2004, p. 51) This paper evaluates the diffusion of electricity within the context of a GPT perspective. Edit. Springer, Boston, MA Fast and free shipping free returns cash on delivery available on eligible purchase. August 4, 2020 | History. 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. The Electricity and IT eras are similar, but also differ in several important ways. Author & abstract; Download; Related works & more; Corrections; Author . The authors argue that long term economic growth is largely driven by pervasive technologies now known as General Purpose (GPTs). Economics of Science, Technology and Innovation, vol 10. 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. MIT Press began publishing journals in 1970 with the first volumes of Linguistic Inquiry and the Journal of Interdisciplinary History. Buy the Hardcover Book Economic Transformations: General Purpose Technologies and Long-Term Economic Growth by Richard Lipsey at Indigo.ca, Canada's largest bookstore. 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. We are sorry. How Technology Affects Economic Growth. Co-winner of the 2006 Shumpeter Prize for best writing on evolutionary economics over the preceeding two years. Examples of GPTs are the steam engine, electricity, and the computer. 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. A GPT can be defined as ‘a technology that initially has much scope for improvement and eventually comes to be widely used, to have many uses, and to have many Hicksian and technological complementarities’ (Lipsey et al., 1998a, p. 43). Solomou, S. Registered: Solomos Nicolaou Solomou ; Abstract. An edition of General purpose technologies and economic growth (1998) G eneral purpose technologies and economic growth by Elhanan Helpman. General Purpose Technologies and Long Term Growth. 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 authors argue that long term economic growth is largely driven by pervasive technologies now known as General Purpose (GPTs). The contributors to this volume are concerned with the type of drastic innovation called general purpose technologies (GPTs). By Richard G. Lipsey, Kenneth I. Carlaw and Clifford Bekar. In recent years there has been an upsurge of interest among growth economists in General Purpose Technologies (GPTs). Andrea O'Sullivan Feature Writer @anjiecast. 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. 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. Our payment security system encrypts your information during transmission. Free shipping and pickup in store on eligible orders. (ed.) 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. 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. General Purpose Technologies and Economic Growth , Cambridge: MIT Press, 1998, 121-144. Today we publish over 30 titles in the arts and humanities, social sciences, and science and technology. and economic growth (Qiang, 2009). We analyze how the U.S. economy reacted to them. e-Campus University, Como, Italy Email: antonella.laino@uniecampus.it . Carolyn Sifton - Helene Fuld Library (St. Boniface General Hospital) Concordia Hospital Library; Donald W. Craik Engineering Library; E.K. Technology is something to resist. G eneral purpose technologies and economic growth × ... Embed. General Purpose Technologies and Economic Growth: Helpman, Professor Elhanan: Amazon.com.mx: Libros 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. 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. The contributors to this volume are concerned with the type of drastic innovation called general purpose technologies (GPTs). Kenneth I. Carlaw and Clifford Bekar of conventional inputs such as labor and to. ( 1998 ) g eneral Purpose technologies, Industrial Competence and economic growth MIT Press Direct is a platform academics! 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