Moore's Law and Learning-By-Doing

Boyan Jovanovic () and Peter Rousseau

Review of Economic Dynamics, 2002, vol. 5, issue 2, 346-375

Abstract: We model Moore's Law as efficiency of computer producers that rises as a by-product of their experience. We find that (a) 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 (b) the obsolescence of firms today occurs faster than before, partly because the physical capital they own becomes obsolete faster. (Copyright: Elsevier)

Keywords: Computers; Electricity; Internal Combustion. (search for similar items in EconPapers)
JEL-codes: O3 (search for similar items in EconPapers)
Date: 2002
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Citations: View citations in EconPapers (28)

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DOI: 10.1006/redy.2002.0162

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