Diffusion of General Purpose Technologies

Elhanan Helpman and Manuel Trajtenberg

Working Papers from Tel Aviv - the Sackler Institute of Economic Studies

Abstract: 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

Keywords: ECONOMIC GROWTH; TECHNOLOGY (search for similar items in EconPapers)
JEL-codes: E32 O10 O30 O41 (search for similar items in EconPapers)
Pages: 37 pages
Date: 1996
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Citations: View citations in EconPapers (49)

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Working Paper: Diffusion of General Purpose Technologies (1996)
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Persistent link: https://EconPapers.repec.org/RePEc:fth:teavsa:24-96

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