General Purpose Technologies

This paper develops a set of criteria for identifying the arrival of a general purpose technology (GPT) and applies them to the electification and IT "revolutions" of the late 19th and early 20th centuries. The criteria suggest that a GPT should be 1) pervasive, 2) improving over time, and 3) able to spawn new innovations. We find that electrification was more pervasive than IT, while IT has a clear lead with respect to improvement and innovation spawning

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Year of publication:	2004
Authors:	Rousseau, Peter L. ; Jovanovic, Boyan
Institutions:	Society for Economic Dynamics - SED
Subject:	GPT \| Electrification \| IT revolution

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Series:	2004 Meeting Papers.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series Society for Economic Dynamics 2004 Number 103
Classification:	O11 - Macroeconomic Analyses of Economic Development ; N1 - Macroeconomics and Monetary Economics; Growth and Fluctuations
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005090897