The Dynamo and the Computer: An Historical Perspective on the Modern Productivity Paradox

By Paul A. David. 1990

Subfields: Economics & Operations Research

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Citations in the corpus

GPTs are GPTs: An Early Look at the Labor Market Impact Potential of Large Language Models (2023, background): “…(Bresnahan and Trajtenberg, 1995; Bresnahan et al., 1996, 2002; Lipsey et al., 2005; Dixon et al., 2021), a costly and time-consuming process involving the discovery of new business procedures (David, 1990; Bresnahan, 1999; Frey, 2019; Brynjolfsson et al., 2021; Feigenbaum and Gross, 2021).”
Yeast vs. Mushrooms: A Note on Harberger's "A Vision of the Growth Process" (2004, methodology): “(1)Such as machine tools (Rosenberg, 1963), the steam engine (Rosenberg and Trajtenberg, 2001), electricity (Devine, 1983), and ICTs (David, 1990).”
Schumpeterian Growth Theory and the Dynamics of Income Inequality (2002, background): “For example, Paul David (1990) and other economic historians have argued that the implementation of a new GPT may require costly restructuring and adjustment to take place in the economy, and that it may take a while before the obsolescence of existing technologies and of the capital goods that embo”
Temporarily Divide to Conquer: Centralized, Decentralized, and Reintegrated Organizational Approaches to Exploration and Adaptation (2003, background): “First, the Internet has many aspects of a general purpose technology (Bresnahan and Trajtenberg 1995, David 1990).”
Factor prices and productivity growth during the British industrial revolution (2003, unknown): “2 David (1990).”
Does successful investment in information technology solve the productivity paradox? (2000, background): “According to Haimowitz [21], real computer spending as a share of business ®xed investment has risen from 2.12% in 1982±1986, to 13.11% in 1992±1996.”
Assessing the nature of nanotechnology: can we uncover an emerging general purpose technology? (2008, background): “Paul David (1990) draws a parallel between the diffusion of electricity and computers, arguing that in both cases there was a long delay between the introduction of the GPT and the corresponding productivity surge.”
Did bank distress stifle innovation during the Great Depression (2014, background): “Electricity became a dominant R&D-based industry with the electrification of homes and manufacturing establishments (David, 1990, Atkeson and Kehoe, 2007), while the chemicals industry also flourished in an environment of knowledge diffusion and rapid technological change (Mokyr, 2002; Murmann,…”
AI Adoption and System-Wide Change (2021, background): “This process takes time and is one of the reasons why adoption of general purpose technologies can be slow (David (1990)).”
The cyclical advancement of drastic technologies (2002, background): “Relatively recently, David (1990) and especially Bresnahan and Trajtenberg (1995) have made the term general-purpose technology (GPT) popular to the growth theory.”