We develop a growth model that features the endogenous two-tier innovations of information carrier technology and production technology. Information carrier technology promotes production technology innovation and thus economic growth through improving the preservation and dissemination of...

We build a novel endogenous growth model with information carrier technology, in which knowledge may be lost in storage and dissemination. In the asymptotic balanced growth path equilibrium, we establish two main findings. First, the growth rate of information carrier technology and the...

This excerpt discusses the differences between traditional economic activities and those in the digital economy, particularly in the realm of data-related industries. In the digital economy, there are distinct characteristics that set it apart, which are mirrored in a new network structure that...