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GENERAL PURPOSE TECHNOLOGIES - nyu.edu

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Chapter 18GENERAL PURPOSE TECHNOLOGIESBOYAN JOVANOVICNew York UniversityandNBERPETER L. ROUSSEAUVanderbilt UniversityandNBERContentsAbstract1182Key words11831. What is a GPT? Summary of Similarities between the Electrification and IT Differences between the Electrification and IT eras11862. Measuring the three characteristics of a Pervasiveness of the Pervasiveness in the Pervasiveness among Adoption by On dating the endpoints of a GPT Improvement of the Ability of the GPT to spawn Investment by new firms vs. investment by incumbents12003. Other symptoms of a Productivity The skill Entry, exit, and mergers should Stock prices should fall1207Handbook of Economic Growth, Volume 1B.

Chapter 18 GENERAL PURPOSE TECHNOLOGIES BOYAN JOVANOVIC New York University and NBER PETER L. ROUSSEAU Vanderbilt University and NBER Contents Abstract 1182

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