General Purpose Technologies and Economic Growth

2014 ◽  
Vol 28 (2) ◽  
pp. 337-360
Author(s):  
Inyong Shin ◽  
Hyunho Kim
2007 ◽  
Vol 2 (1) ◽  
Author(s):  
Jurgen Brauer

The article reviews Vernon Ruttan's new book, Is Growth Necessary for Economic Growth? Military Procurement and Technological Development (Oxford University Press, 2006). The subject matter is limited to the post-world war II United States only. Studying six general-purpose technologies emerging from war environments, the book claims that much of the U.S. post-war growth experience can be attributed to them. The reviewer finds that this is not Prof. Ruttan's best work, in part because the underlying research is too casual to support the conclusions drawn.


2015 ◽  
Vol 10 (3) ◽  
pp. 247-262 ◽  
Author(s):  
Łukasz Arendt

This paper focuses on the relationship between Information and Communication Technologies, GDP growth and productivity in the Central and Eastern European (CEE) countries. It elaborates on measures of the digital economy/information society, emphasizing the role of complementary factors to ICT that are crucial for the productive use of these General Purpose Technologies. The paper discusses the impact of technical progress, induced by the development of ICT, on sources of economic growth by describing changes in the contribution of ICT capital and non-ICT capital, labour and TFP to GDP growth in the CEE and EU-15 countries.


2020 ◽  
Vol 12 (18) ◽  
pp. 7496 ◽  
Author(s):  
Tilman Santarius ◽  
Johanna Pohl ◽  
Steffen Lange

Digitalization can increase resource and energy productivities. However, the production and usage of information and communication technologies (ICTs) require materials and energy, and the application of ICTs fosters economic growth. This paper examines whether digitalization helps or hinders an absolute decoupling of environmental throughput from economic growth. The paper combines the literature on “green IT” and “ICT for green” with studies on decoupling, i.e., the relationship between economic growth, technological change, and environmental throughput. The paper identifies several strains of the decoupling debate and connects them to the environmental implications of digitalization. We focus on the relation between digitalization and (1) the question of finite non-renewable energies, (2) the environmental Kuznets curve, (3) the role of energy consumption for economic growth, (4) efficiency improvements vis-à-vis rebound effects, and (5) the role of general purpose technologies for resource and energy demand. We find that the empirical basis regarding digitalization’s relation to these four aspects is still weak and hence, further research is needed. Comparing the mitigating and the aggravating impacts of digitalization, we conclude that a more active political and societal shaping of the process of digitalization is needed to make ICT work for global environmental sustainability.


1999 ◽  
Vol 37 (4) ◽  
pp. 1615-1660 ◽  
Author(s):  
Philippe Aghion ◽  
Eve Caroli ◽  
Cecilia García-Peñalosa

We analyze the relationship between inequality and economic growth from two directions. The first part of the survey examines the effect of inequality on growth, showing that when capital markets are imperfect, there is not necessarily a trade-off between equity and efficiency. It therefore provides an explanation for two recent empirical findings, namely, the negative impact of inequality and the positive effect of redistribution upon growth. The second part analyzes several mechanisms whereby growth may increase wage inequality, both across and within education cohorts. Technical change, and in particular the implementation of “General Purpose Technologies,” stands as a crucial factor in explaining the recent upsurge in wage inequality.


Sign in / Sign up

Export Citation Format

Share Document