G eneral purpose technologies and economic growth
by Elhanan Helpman
Most economists have viewed technological progress as an incremental process. A few have focused on the role of drastic innovations - those that introduce a discontinuity. The contributors to this volume are concerned with the type of drastic innovation called general purpose technologies (GPTs). A GPT has the potential to affect the entire economic system and can lead to far-reaching changes in such social factors as working hours and constraints on family life.
Examples of GPTs are the steam engine, electricity, and the computer. The study of GPTs is relatively new. A universal theoretical framework for dealing with GPTs does not yet exist. The essays in this book both further our understanding of GPT-driven economic growth and lay the foundation for further developments of the available frameworks.
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Subjects
Economic aspects, Technological innovations, Economic development, Technological innovations, economic aspects, Innovations, Aspect économique, Développement économique, POLITICAL SCIENCE, Public Policy, Economic Policy, BUSINESS & ECONOMICS, Government & Business, Development, Business Development, Structural Adjustment, General, Technische ontwikkeling, Economische ontwikkeling, Economic History| Edition | Availability |
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G eneral purpose technologies and economic growth
1998, MIT Press
in English
0262082632 9780262082631
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Book Details
Edition Notes
Includes bibliographical references and index.
A collection of 10 original essays and an introduction.
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