Quah, Danny (1999) The weightless economy in economic development. CEP discussion paper; CEPDP0417, 417. Centre for Economic Performance, London School of Economics and Political Science, London, UK.
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Abstract
Can the increasing significance of knowledge-products in national income - the growing weightless economy - influence economic development? Those technologies reduce ''distance'' between consumers and knowledge production. This paper analyzes a model embodying such a reduction. The model shows how demand-side attributes - consumer attitudes on complex goods; training, education, and skills for consumption (rather than production) - can importantly affect patterns of economic growth and development. Evidence from the failed Industrial Revolution in 14th-century China illustrates the empirical relevance of the analysis.
| Item Type: | Monograph (Discussion Paper) |
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| Official URL: | http://cep.lse.ac.uk |
| Additional Information: | © 1999 the author |
| Subjects: | 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/2291 |
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