Transcription of GENERAL PURPOSE TECHNOLOGIES - nyu.edu
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GENERAL PURPOSE TECHNOLOGIES - nyu.edu
Chapter 18 GENERAL PURPOSE TECHNOLOGIESBOYAN JOVANOVICNew York UniversityandNBERPETER L. ROUSSEAUV anderbilt UniversityandNBERC ontentsAbstract1182 Keywords11831. 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 fall1207 Handbook of Economic Growth, Volume 1B.
1184 B. Jovanovic and P.L. Rousseau 1. Introduction The term “general-purpose technology”, or GPT, has seen extensive use in recent treat-ments of the role of technology in economic growth, and is usually reserved for changes
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