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The Third Industrial Revolution Author info | Abstract | Publisher info | Download info | Related research | Statistics Jeremy Greenwood
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The author examines periods of rapid technological change for coincidences of widening inequality and slowing productivity growth. He contends that while the introduction of technologies offers profits to investors and premiums for skilled workers, in the long run the rising tide of technological change lifts everybody's boat.
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Article provided by Federal Reserve Bank of Cleveland in its journal Economic Review .
Volume (Year): (1999)
Issue (Month): Q II ()
Pages: 2-12
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Handle: RePEc:fip:fedcer:y:1999:i:qii:p:2-12Contact details of provider: Postal: 1455 East 6th St., Cleveland OH 44114 Phone: 216.579.2000 Web page: http://www.clevelandfed.org/ More information through EDIRC
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Keywords: Technology ; Productivity ; Income distribution CL FR Serials ; Other versions of this item:
References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.: Griliches, Zvi, 1969.
"Capital-Skill Complementarity ,"
The Review of Economics and Statistics ,
MIT Press, vol. 51(4), pages 465-68, November.
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Bahk, Byong-Hong & Gort, Michael, 1993.
"Decomposing Learning by Doing in New Plants ,"
Journal of Political Economy ,
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Bartel, Ann P & Lichtenberg, Frank R, 1987.
"The Comparative Advantage of Educated Workers in Implementing New Technology ,"
The Review of Economics and Statistics ,
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Greenwood, Jeremy & Yorukoglu, Mehmet, 1997.
"1974 ,"
Carnegie-Rochester Conference Series on Public Policy ,
Elsevier, vol. 46(1), pages 49-95, June.
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Other versions:
Greenwood, J. & Yorukoglu, M., 1996.
"1974 ,"
RCER Working Papers
429, University of Rochester - Center for Economic Research (RCER).
Abramovitz, Moses & David, Paul A, 1973.
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Boyan Jovanovic, 1995.
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NBER Working Papers
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Brynjolfsson, Erik. & Hitt, Lorin M. & Massachusetts Institute of Technology. Industrial Performance Center., 1994.
"Computers and economic growth : firm-level evidence ,"
Working papers
3714-94. CISR WP ; no. 27, Massachusetts Institute of Technology (MIT), Sloan School of Management.
[Downloadable!]
Greenwood, Jeremy & Hercowitz, Zvi & Krusell, Per, 1997.
"Long-Run Implications of Investment-Specific Technological Change ,"
American Economic Review ,
American Economic Association, vol. 87(3), pages 342-62, June.
[Downloadable!] (restricted)
Other versions:
Greenwood, J. & Hercowitz, Z. & Krusell, P., 1996.
"Long-Run Implications of Investment-Specific Technological Change ,"
RCER Working Papers
420, University of Rochester - Center for Economic Research (RCER).
Greenwood, J. & Hercowitz, Z. & Krusell, P., 1995.
"Long-Run Implications of Investment-Specific Technological Change ,"
UWO Department of Economics Working Papers
9510, University of Western Ontario, Department of Economics.
Gort, Michael & Klepper, Steven, 1982.
"Time Paths in the Diffusion of Product Innovations ,"
Economic Journal ,
Royal Economic Society, vol. 92(367), pages 630-53, September.
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Juhn, Chinhui & Murphy, Kevin M & Pierce, Brooks, 1993.
"Wage Inequality and the Rise in Returns to Skill ,"
Journal of Political Economy ,
University of Chicago Press, vol. 101(3), pages 410-42, June.
[Downloadable!] (restricted)
Full
references Cited by : (explanations , Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.)
Aubhik Khan & B. Ravikumar, 2000.
"Costly technology adoption and capital accumulation ,"
Working Papers
00-7, Federal Reserve Bank of Philadelphia.
[Downloadable!]
Other versions:
Khan, A. & Ravikumar, B., 1997.
"Costly Technology Adoption and Capital Accumulation ,"
Working Papers
97-12, University of Iowa, Department of Economics.
Aubhik Khan & B. Ravikumar, 1998.
"Costly Technology Adoption and Capital Accumulation ,"
Development and Comp Systems
9802001, EconWPA.
[Downloadable!] Aubhik Khan & B. Ravikumar, 2002.
"Costly Technology Adoption and Capital Accumulation ,"
Review of Economic Dynamics ,
Elsevier for the Society for Economic Dynamics, vol. 5(2), pages 489-502, April.
[Downloadable!] (restricted) Audretsch, David B & Sanders, Mark, 2007.
"Globalization and the Rise of the Entrepreneurial Economy ,"
CEPR Discussion Papers
6247, C.E.P.R. Discussion Papers.
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Other versions: Michael T. Kiley, 1997.
"The supply of skilled labor and skill-based technological progress ,"
Finance and Economics Discussion Series
1997-45, Board of Governors of the Federal Reserve System (U.S.).
[Downloadable!]
Other versions: Stanley L. Engerman & Kenneth L. Sokoloff, 2001.
"The Evolution of Suffrage Institutions in the New World ,"
NBER Working Papers
8512, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted)
Henrekson, Magnus & Edquist, Harald, 2006.
"Technological Breakthroughs and Productivity Growth ,"
Working Paper Series
665, Research Institute of Industrial Economics.
[Downloadable!]
Other versions: Schiff, Maurice & Wang, Yanling, 2004.
"On the quantity and quality of knowledge - the impact of openness and foreign research and development on North-North and North-South technology spillovers ,"
Policy Research Working Paper Series
3190, The World Bank.
[Downloadable!]
Humberto Llavador & Robert Oxoby, 2003.
"Partisan Competition, Growth and the Franchise ,"
Economics Working Papers
730, Department of Economics and Business, Universitat Pompeu Fabra, revised Sep 2004.
[Downloadable!]
Other versions: Philipp Köllinger & Christian Schade, 2006.
"Endogenous Acceleration of Technological Change ,"
Discussion Papers of DIW Berlin
562, DIW Berlin, German Institute for Economic Research.
[Downloadable!]
Peter B. Meyer, 2005.
"Turbulence, Inequality, and Cheap Steel ,"
Working Papers
375, U.S. Bureau of Labor Statistics.
[Downloadable!]
Schiff, Maurice & Wang, Yanling, 2008.
"North-South Technology Spillovers: The Relative Impact of Openness and Foreign R&D ,"
IZA Discussion Papers
3383, Institute for the Study of Labor (IZA).
[Downloadable!]
Fatih Guvenen & Burhanettin Kuruscu, 2007.
"A Quantitative Analysis of the Evolution of the U.S. Wage Distribution: 1970-2000 ,"
NBER Working Papers
13095, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted)
Other versions: Koellinger, Ph.D. & Schade, C., 2009.
"Acceleration of technology adoption within firms -- Emperical evidence from e-business ,"
Research Paper
ERS-2008-013-ORG Revision, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus Uni.
[Downloadable!]
Rodolfo Manuelli & Ananth Seshadri, 2003.
"Frictionless technology diffusion: the case of tractors ,"
Proceedings ,
Federal Reserve Bank of San Francisco, issue Nov.
[Downloadable!]
Other versions: Barry R. Chiswick, 2005.
"High Skilled Immigration in the International Arena ,"
IZA Discussion Papers
1782, Institute for the Study of Labor (IZA).
[Downloadable!]
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