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Pervasive Enough? General Purpose Technologies as an Emergent Property

Author

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  • Vladimir Korzinov
  • Ivan Savin

Abstract

We propose a novel model of knowledge discovery shedding light on the emergence of General Purpose Technologies (GPTs), the process which has been largely neglected in the literature on technological change. We demonstrate that GPTs emerge only when certain conditions with regard to the following techno-economic factors are met: knowledge diffusion, coordination on technological trajectories and volatility in the rank of expected returns on products. Furthermore, our model provides intuitive explanation for technological lock-ins, S-shaped curves of technology adoption, temporal clustering of innovations in time and replicates distinct features of empirical networks of relatedness among technologies and products.

Suggested Citation

  • Vladimir Korzinov & Ivan Savin, 2016. "Pervasive Enough? General Purpose Technologies as an Emergent Property," Working Papers of BETA 2016-49, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
  • Handle: RePEc:ulp:sbbeta:2016-49
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    File URL: http://www.beta-umr7522.fr/productions/publications/2016/2016-49.pdf
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    References listed on IDEAS

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    1. Timothy Bresnahan & Pai-Ling Yin, 2010. "Reallocating innovative resources around growth bottlenecks," Industrial and Corporate Change, Oxford University Press, vol. 19(5), pages 1589-1627, October.
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    Cited by:

    1. Clifford Bekar & Kenneth Carlaw & Richard Lipsey, 2016. "General Purpose Technologies in Theory, Applications and Controversy: A Review," Discussion Papers dp16-15, Department of Economics, Simon Fraser University.

    More about this item

    Keywords

    general purpose technology; technology networks; pervasiveness of technologies; knowledge diffusion; innovation.;

    JEL classification:

    • C63 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computational Techniques
    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
    • D85 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Network Formation
    • L16 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure
    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights

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