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dc.contributor.authorRistuccia, C. A.en
dc.contributor.authorSolomou, S.en
dc.date.accessioned2016-04-22T15:00:56Z
dc.date.available2016-04-22T15:00:56Z
dc.date.issued2014-04-16en
dc.identifier.otherCWPE1404
dc.identifier.urihttps://www.repository.cam.ac.uk/handle/1810/255223
dc.description.abstractDoes the concept of General Purpose Technologies help explain periods of faster and slower productivity advance in economies? The paper develops a new comparative data set on the usage of electricity in the manufacturing sectors of the USA, Britain, France, Germany and Japan and proceeds to evaluate the hypothesis of a productivity bonus as postulated by many existing GPT models. Using the case of the diffusion of electrical power in the early twentieth century this paper shows that there was no generalized productivity boost from electrical power diffusion as postulated by many existing GPT models. The productivity gains from this GPT varied widely across economies and industries, suggesting that the power of GPTs to predict aggregate or sectoral growth is limited.en
dc.publisherFaculty of Economics
dc.relation.ispartofseriesCambridge Working Papers in Economics
dc.relation.isreplacedbyhttps://www.repository.cam.ac.uk/handle/1810/257164
dc.rightsAll Rights Reserveden
dc.rights.urihttps://www.rioxx.net/licenses/all-rights-reserved/en
dc.subjectEconomic Historyen
dc.subjectProductivityen
dc.subjectLong Swingsen
dc.titleCan general purpose technology theory explain economic growth? Electrical Power as a case studyen
dc.typeWorking Paperen
dc.identifier.doi10.17863/CAM.5728


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