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Increasingly weightless economies

Quah, Danny (1997) Increasingly weightless economies. Bank of England Quarterly Bulletin, 37 (1). pp. 49-56. ISSN 0005-5166

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This article is one of an occasional series provided by academics working outside the Bank of England. The views expressed reflect those of the author rather than those of the Bank of England. In this article Danny T Quah examines how, when an economy grows, its patterns of production and consumption systematically change. He describes one such large-scale evolution, namely, the increasing weightlessness of aggregate output across advanced economies. In all fast-growing successful countries, growth in information technology has contributed positively both to increasing weightlessness and to economic growth. In the sample of countries studied here, the richer the country the higher the contribution to growth of information technology and services; in no country has manufacturing, as traditionally construed, continued to be as important.

Item Type: Article
Official URL:
Additional Information: © 1997 Bank of England
Divisions: Economics
LSE Human Rights
Subjects: H Social Sciences > HB Economic Theory
H Social Sciences > HD Industries. Land use. Labor
JEL classification: E - Macroeconomics and Monetary Economics > E0 - General
Date Deposited: 27 Apr 2007
Last Modified: 25 Aug 2021 23:10

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