General purpose technologies: uma proposta teórica para a leitura da World Wide Web

Sahra Pinheiro, Márcia Rapini and Leonardo Ribeiro
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Sahra Pinheiro: UFJF
Márcia Rapini: Cedeplar/UFMG
Leonardo Ribeiro: Cedeplar/UFMG

No 658, Textos para Discussão Cedeplar-UFMG from Cedeplar, Universidade Federal de Minas Gerais

Abstract: The World Wide Web provided easy and intuitive access for all users who wanted to browse the Internet, thus becoming popular. The present work proposes that the World Wide Web be understood as a General Purpose Technology, a technology of generalized application and capable of stimulating innovation in the most varied sectors of the economy, or innovative complementarities, ultimately promoting a generalized increase in productivity in the economic system. The diffusion of this set of new interrelated technologies takes place through the numerous mechanisms of interaction and feedback between the different sectors of activities and technological trajectories. The GPT model, initially developed by Bresnahan and Trajtenberg (1992 and 1995) determines that a radical innovation, by showing its generalized applicability and profitability potential, attracts both new entrepreneurs and financial capital. Thus, the invention of the World Wide Web, in the 1990s, ushered in an era marked by a worldwide network of information available to any individual, widespread connectivity and the age of platforms.

Keywords: World Wide Web; General Purpose Technology; connectivity. (search for similar items in EconPapers)
JEL-codes: O30 (search for similar items in EconPapers)
Pages: 32 pages
Date: 2023-07
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