The Weightless Economy in Economic Development

Danny Quah ()

Research Paper from World Institute for Development Economics Research

Abstract: Can the increasing signicance of knowledge-products in national income- the growing weightless economy-infuence economic development? Those technologies reduce "distance" between consumers and knowledge production This paper analyzes a model embodying such a reduction. The model shows how demand-side attributes-consumer attitudes on complex goods; training, educa tion, and skills for consumption (rather than production)-can importantly affect patterns of economic growth and development. Evidence from the failed Industrial Revolution in 14th-century China illustrates the empirical relevance of the analysis.

Keywords: TECHNOLOGY; ECONOMIC GROWTH; KNOWLEDGE (search for similar items in EconPapers)
JEL-codes: N15 O11 O14 O33 (search for similar items in EconPapers)
Date: 1999
View citations in EconPapers

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Working Paper: The Weightless Economy in Economic Development (1999)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:fth:wodeec:155

Access Statistics for this paper

More papers in Research Paper from World Institute for Development Economics Research
Address: United Nations University; World Institute for Development Economics Research, Katajanokanlaituri 6B, 00160 Helsinki
Contact information at EDIRC.
Series data maintained by Thomas Krichel ().