Unpublished Paper
Learning-by-Doing, Hi-Tech Consumption and Productivity Resurgence
Computing in Economics and Finance 2004, n. 75. Society for Computational Economics
(2004)
Abstract
This paper presents a growth model where the technological externality (learning-by-doing) generated by ICT is the key mechanism for development. If hi-tech assets are able to engender increasing returns, as being knowledge (or R&D) based or because creating network externalities, then the economy benefits from total spending on ICT goods, both for productive and consuming aims. Therefore, hi-tech consumption may emerge as a complementary source (with respect to investment) of growth in the industrialized countries as, here it is shown, for the U.S. productivity resurgence of the mid-Nineties.
Keywords
- Information Technology,
- Consumption,
- Productivity
Disciplines
Publication Date
2004
Citation Information
Francesco Venturini. "Learning-by-Doing, Hi-Tech Consumption and Productivity Resurgence" Computing in Economics and Finance 2004, n. 75. Society for Computational Economics (2004) Available at: http://works.bepress.com/francesco_venturini/11/