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Diffusion of General Purpose Technologies

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Author Info

  • Helpman, E.
  • Trajtenberg, M.

Abstract

The present paper deals with the diffusion of the General Purpose Technologies (GPT) over heterogeneous finanl-good sectors. We show that the gradual adoption of the GPT by each user sector generates a sequence of two-phased cycles, culminating in a "second wave" after all sectors adopt,they engage anew in R&D, briging about a spell of sustained growth

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Bibliographic Info

Paper provided by Tel Aviv - the Sackler Institute of Economic Studies in its series Papers with number 24-96.

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Length: 37 pages
Date of creation: 1996
Date of revision:
Handle: RePEc:fth:teavsa:24-96

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Postal: Tel-Aviv University, The Sackler Institute of Economic Studies, Ramat Aviv 69 978 Tel-Aviv, Israel
Phone: +972-3-640-9715
Fax: +972-3-640-9908
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Web page: http://econ.tau.ac.il/
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Keywords: ECONOMIC GROWTH; TECHNOLOGY;

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  1. Bresnahan, Timothy F. & Trajtenberg, M., 1995. "General purpose technologies 'Engines of growth'?," Journal of Econometrics, Elsevier, vol. 65(1), pages 83-108, January.
  2. David, P.A., 1989. "Computer And Dynamo: The Modern Productivity Paradox In A Not-Too Distant Mirror," The Warwick Economics Research Paper Series (TWERPS) 339, University of Warwick, Department of Economics.
  3. Judd, Kenneth L, 1985. "On the Performance of Patents," Econometrica, Econometric Society, vol. 53(3), pages 567-85, May.
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