Learning-by-Doing, Hi-Tech Consumption and Productivity Resurgence

Francesco Venturini ()

No 75, Computing in Economics and Finance 2004 from Society for Computational Economics

Abstract: This paper presents a growth model where the technological externality (learning-by-doing) generated by ICT is the key mechanism for development. If hi-tech assets are able to engender increasing returns, as being knowledge (or R&D) based or because creating network externalities, then the economy benefits from total spending on ICT goods, both for productive and consuming aims. Therefore, hi-tech consumption may emerge as a complementary source (with respect to investment) of growth in the industrialized countries as, here it is shown, for the U.S. productivity resurgence of the mid-Nineties

Keywords: Information Technology; Consumption; Productivity (search for similar items in EconPapers)
JEL-codes: O33 O41 O47 (search for similar items in EconPapers)
Date: 2004-08-11
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:sce:scecf4:75

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