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: N1 O3 (search for similar items in EconPapers)
Date: 2002-01
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Published as Boyan Jovanovic & Peter L. Rousseau, 2002. "Moore's Law and Learning-By-Doing," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 5(2), pages 346-375, April.

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