Rainer, A.; Strohmaier, R. - In: Empirica 41 (2014) 3, pp. 425-444
General purpose technologies (GPTs) are characterized by their pervasive use in the economy. The introduction of a new GPT (product innovation) as well as increasing productivity within a GPT-sector (as a consequence of process innovations) affect the economy in several ways. First, a new GPT...