@techreport{001a5f0f16ac4e0a957c8bc8a0e72f5d,
title = "The Dynamics of a General Purpose Technology in a Research and Assimilation Model",
abstract = "Where is the productivity growth from the IT revolution? Why did the skill premium rise sharply in the early eighties? Were these phenomena related? This paper examines these questions in a general equilibrium model of growth. Technological progress in firms is driven by research aimed at improving the production technology and by assimilation of ideas or principles present outside the firm. A new general purpose technology like the IT revolution generates an initial slowdown in economic growth and an increase in inequality.",
keywords = "R&D spillovers, productivity growth, general purpose technology, wage inequality",
author = "R. Nahuis",
note = "Pagination: 44",
year = "1998",
language = "English",
volume = "1998-119",
series = "CentER Discussion Paper",
publisher = "Macroeconomics",
type = "WorkingPaper",
institution = "Macroeconomics",
}