Diffusion of General Purpose Technologies.

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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Year of publication:	1996
Authors:	Helpman, E. ; Trajtenberg, M.
Institutions:	Eitan Berglas School of Economics, Tel Aviv University
Subject:	ECONOMIC GROWTH \| TECHNOLOGY

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Series:	Tel Aviv - the Sackler Institute of Economic Studies.
Type of publication:	Book / Working Paper
Notes:	37 pages
Classification:	O10 - Economic Development. General ; O30 - Technological Change; Research and Development. General ; O41 - One, Two, and Multisector Growth Models ; E32 - Business Fluctuations; Cycles
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005646866