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over half of Germany's productivity growth by 2000ndash;04. We document sharply diverging productivity paths for software … of software-intensive industries to productivity growth. The price of prepackaged software has been falling exponentially … since the 1960s, which has led to substitutions towards software investments, and to reductions in the total cost of ICT …
Persistent link: https://www.econbiz.de/10012758473
over half of Germany's productivity growth by 200004. We document sharply diverging productivity paths for software … of software-intensive industries to productivity growth. The price of prepackaged software has been falling exponentially … since the 1960s, which has led to substitutions towards software investments, and to reductions in the total cost of ICT …
Persistent link: https://www.econbiz.de/10003751927
We study an endogenous growth model where a profit-motivated R and D sector coexists with the introduction of free blueprints invented by philanthropists. These goods are priced at marginal cost, contrary to proprietary ones which are produced by a monopoly owned by the inventor. We show that...
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