We model Moore's Law as efficiency of computer producers that rises as a by-product of their experience. We find that (1) Because computer prices fall much faster than the prices of electricity-driven and diesel-driven capital ever did, growth in the coming decades should be very fast, and that (2) The obsolescence of firms today occurs faster than before, partly because the physical capital they own becomes obsolete faster.
Download Info
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
page. Note that these files are not on the IDEAS
site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Publisher Info
Paper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number
8762.
Length: Date of creation: Jan 2002 Date of revision: Handle: RePEc:nbr:nberwo:8762
Note: PR Contact details of provider: Postal: National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A. Phone: 617-868-3900 Email: Web page: http://www.nber.org More information through EDIRC
For technical questions regarding this item, or to correct its listing, contact: ().
References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
Barro, Robert J & Sala-i-Martin, Xavier, 1992.
"Convergence,"
Journal of Political Economy,
University of Chicago Press, vol. 100(2), pages 223-51, April.
[Downloadable!] (restricted)
Nathan Balke & Robert J. Gordon, 1986.
"Appendix B Historical Data,"
NBER Chapters,
in: The American Business Cycle: Continuity and Change, pages 781-850
National Bureau of Economic Research, Inc.
[Downloadable!]
Cited by: (explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)
J. Bradford DeLong, 2003.
"Productivity Growth in the 2000s,"
NBER Chapters,
in: NBER Macroeconomics Annual 2002, Volume 17, pages 113-158
National Bureau of Economic Research, Inc.
[Downloadable!]
Boyan Jovanovic & Peter L. Rousseau, 2005.
"General Purpose Technologies,"
NBER Working Papers
11093, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted)
Other versions: