| 来源类型 | Working papers
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| 规范类型 | 论文
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| DOI | 10.3929/ethz-a-005541864
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| The calm before the storm? - Anticipating the arrival of general purpose technologies |
| Schiess, Daniel; Wehrli, Roger
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| 发表日期 | 2008-02
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| 出版者 | ETH Zurich, Center of Economic Research (CER-ETH)
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| 出版年 | 2008
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| 语种 | 英语
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| 摘要 | This paper presents a Schumpeterian quality-ladder model incorporating the impact of new General Purpose Technologies (GPTs). GPTs are breakthrough technologies with a wide range of applications, opening up new innovational complementarities. In contrast to most existing models which focus on the events after the arrival of a new GPT, the model developed in this paper focuses on the events before the arrival if R&D firms know the point of time and the technological impact of this drastic innovation. In this framework we can show, that the economy goes through three main phases: First, the economy is in its old steady state. Second, there are transitional dynamics and finally, the economy is in a new steady state with higher growth rates. The transitional dynamics are characterized by oscillating cycles. Shortly before the arrival of a new GPT, there is an increase in R&D activities and growth going even beyond the old steady state levels and immediately before the arrival of the new GPT, there is a large slump in R&D activities using the old GPT. |
| 主题 | Schumpeterian growth
; Research and development
; General purpose technologies
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| URL | https://www.research-collection.ethz.ch/handle/20.500.11850/339287
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| 来源智库 | Centre for Energy Policy and Economics (Switzerland)
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| 引用统计 |
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/266656
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推荐引用方式
GB/T 7714 |
Schiess, Daniel,Wehrli, Roger. The calm before the storm? - Anticipating the arrival of general purpose technologies. 2008.
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