The Weightless Economy in Economic Development.
Can the increasing signicance of knowledge-products in national income- the growing weightless economy-infuence 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, educa tion, 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.
Year of publication: |
1999
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Authors: | Quah, D. |
Institutions: | World Institute for Development Economic Research (UNU/WIDER), United Nations University |
Subject: | TECHNOLOGY | ECONOMIC GROWTH | KNOWLEDGE |
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Series: | |
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Type of publication: | Book / Working Paper |
Notes: | 30 pages |
Classification: | N15 - Asia including Middle East ; O11 - Macroeconomic Analyses of Economic Development ; O14 - Industrialization; Manufacturing and Service Industries; Choice of Technology ; O33 - Technological Change: Choices and Consequences; Diffusion Processes |
Source: |
Persistent link: https://www.econbiz.de/10005625481
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