Moore's Law and Learning-By-Doing

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.

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Year of publication:	2002-01
Authors:	Rousseau, Peter ; Jovanovic, Boyan
Institutions:	National Bureau of Economic Research (NBER)

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Extent:	application/pdf
Series:	NBER Working Papers.
Type of publication:	Book / Working Paper
Notes:	PR published as Boyan Jovanovic & Peter L. Rousseau, 2002. "Moore's Law and Learning-By-Doing," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 5(2), pages 346-375, April. Number 8762
Classification:	O3 - Technological Change; Research and Development ; N1 - Macroeconomics and Monetary Economics; Growth and Fluctuations
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005050067