G2TT
来源类型Discussion paper
规范类型论文
来源IDDP3192
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
URLhttps://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.
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