General purpose technologies and economic growth: Electrical diffusion in the manufacturing centre before WWII
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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 existing GPT models.
This talk is part of the Economic and Social History Seminars series.
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