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Technology dissemination and economic growth: some lessons for the new economy

Quah, Danny (2002) Technology dissemination and economic growth: some lessons for the new economy. CEP discussion paper; CEPDP0522, 522. Centre for Economic Performance, London School of Economics and Political Science, London, UK. ISBN 0-75-301922-1

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Identification Number: 522

Abstract

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.

Item Type: Monograph (Discussion Paper)
Official URL: http://cep.lse.ac.uk
Additional Information: © 2002 Danny Quah
Subjects: T Technology > T Technology (General)
H Social Sciences > HB Economic Theory
Sets: Collections > Economists Online
Research centres and groups > Centre for Economic Performance (CEP)
Departments > Economics
Series: Working Papers > CEP Discussion Papers
Date Deposited: 27 Apr 2007
Last Modified: 14 Nov 2012 10:19
URI: http://eprints.lse.ac.uk/id/eprint/2118

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