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Moore's Law and Learning-By-Doing Author info | Abstract | Publisher info | Download info | Related research | Statistics Boyan Jovanovic (University of Chicago and New York University)
Peter L. Rousseau (Vanderbilt University)
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We model Moore's Law as efficiency of computer producers that rises as a by-product of their experience. We find that (a) because computer prices fall much faster than the prices of electricity-driven and diesel-driven capital ever did, growth in the coming decades should be very fast, and that (b) the obsolescence of firms today occurs faster than before, partly because the physical capital they own becomes obsolete faster. (Copyright: Elsevier)
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Article provided by Elsevier for the Society for Economic Dynamics in its journal Review of Economic Dynamics .
Volume (Year): 5 (2002)
Issue (Month): 2 (April)
Pages: 346-375
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Handle: RePEc:red:issued:v:5:y:2002:i:2:p:346-375Contact details of provider: Postal: Review of Economic Dynamics Academic Press Editorial Office 525 "B" Street, Suite 1900 San Diego, CA 92101 Fax: 1-860-486-4463 Email: Web page: http://www.EconomicDynamics.org/review.htm More information through EDIRC
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Keywords: Computers ; Electricity ; Internal Combustion. ; Other versions of this item:
Find related papers by JEL classification: O3 - Economic Development, Technological Change, and Growth - - Technological Change
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