Moore's Law and Learning-By-Doing

Boyan Jovanovic () and Peter Rousseau ()

No 8762, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: We model Moore's Law as efficiency of computer producers that rises as a by-product of their experience. We find that (1) Because computer prices fall much faster than the prices of electricity-driven and diesel-driven capital ever did, growth in the coming decades should be very fast, and that (2) The obsolescence of firms today occurs faster than before, partly because the physical capital they own becomes obsolete faster.

JEL-codes: O3 N1 (search for similar items in EconPapers)
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Date: 2002-01
Note: PR
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