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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP3192 |
DP3192 Stochastic Capital Depreciation and the Comovement of Hours and Productivity | |
Andreas Fischer; Michael Dueker; Robert Dittmar | |
发表日期 | 2002-02-20 |
出版年 | 2002 |
语种 | 英语 |
摘要 | This Paper attempts to draw lessons for the New Economy from what economists know about technology dissemination and economic growth. It argues that what is most notable about the New Economy is that it is knowledge-driven, not just in the sense that knowledge now assumes increasing importance in production, thereby raising productivity. Instead, it is that consumption occurs increasingly in goods that are like knowledge ? computer software, video entertainment, gene sequences, Internet-delivered goods and services ? where material physicality matters little. That knowledge is aspatial and nonrival is key. Understanding the effective exchange and dissemination of such knowledge-products will matter more than resolving the so-called productivity paradox. |
主题 | International Macroeconomics |
关键词 | Aspatial Demand Endogenous growth Endogenous technology Human capital Industrial revolution Infinitely expansible Neoclassical growth Nonrival Productivity paradox |
URL | https://cepr.org/publications/dp3192 |
来源智库 | Centre for Economic Policy Research (United Kingdom) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/532221 |
推荐引用方式 GB/T 7714 | Andreas Fischer,Michael Dueker,Robert Dittmar. DP3192 Stochastic Capital Depreciation and the Comovement of Hours and Productivity. 2002. |
条目包含的文件 | 条目无相关文件。 |
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