Technology Upgrading with Learning Cost: A Solution for Two ‘Productivity Puzzles'
收藏Organisation for Economic Co-operation and Development2026-04-11 收录
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As it takes time and effort to learn how to fully utilise new technology and realise its maximum potential productivity gain, adoption of new technology tends to reduce productivity temporarily, even though the potential productivity gain in the long run outweighs this short run loss. This paper points to such “learning cost” in technology...
