General Purpose Technologies and Economic Growth: Electricity Diffusion in the Manufacturing Sector Before WWII
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Authors
Ristuccia, C.A.
Solomou, S.
Abstract
This paper evaluates the diffusion of electricity within the context of a GPT perspective. The paper develops a new comparative data set on the usage of electricity in the manufacturing sectors of the US, Britain, France, Germany and Japan and proceeds to evaluate the hypotheses of a productivity slowdown and of a productivity bonus as postulated by many existing GPT models.
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Copyright, General Purpose Technologies, Economic Growth, Economic History, Productivity
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Faculty of Economics