Accounting for Growth in the Age of the Internet: The Importance of Output-Saving Technical Change
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https://www.nber.org/papers/w23315
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We extend the conventional neoclassical production and growth framework, with its emphasis on total factor productivity as the primary macroeconomic mechanism of innovation, to allow for technical change that affects consumer welfare directly. Our model is based on Lancasters New Approach to
提供机构:
美国国家经济研究局
创建时间:
2017-04-01



