NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Moore's Law and Learning-By-Doing

Boyan Jovanovic, Peter L. Rousseau

NBER Working Paper No. 8762
Issued in January 2002
NBER Program(s):   PR

We model Moore's Law as efficiency of computer producers that rises as a by-product of their experience. We find that (1) Because computer prices fall much faster than the prices of electricity-driven and diesel-driven capital ever did, growth in the coming decades should be very fast, and that (2) The obsolescence of firms today occurs faster than before, partly because the physical capital they own becomes obsolete faster.

download in pdf format
   (687 K)

email paper

This paper is available as PDF (687 K) or via email.

Machine-readable bibliographic record - MARC, RIS, BibTeX

Document Object Identifier (DOI): 10.3386/w8762

Published: Boyan Jovanovic & Peter L. Rousseau, 2002. "Moore's Law and Learning-By-Doing," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 5(2), pages 346-375, April. citation courtesy of

Users who downloaded this paper also downloaded these:
Gordon w7833 Does the "New Economy" Measure up to the Great Inventions of the Past?
Jovanovic and Nyarko w4739 "Learning By Doing and the Choice of Technology."
Heckman, Lochner, and Cossa w9083 Learning-By-Doing Vs. On-the-Job Training: Using Variation Induced by the EITC to Distinguish Between Models of Skill Formation
Gordon w9437 Hi-tech Innovation and Productivity Growth: Does Supply Create Its Own Demand?
Jovanovic and Tse w12520 Creative Destruction in Industries
 
Publications
Activities
Meetings
NBER Videos
Data
People
About

Support
National Bureau of Economic Research, 1050 Massachusetts Ave., Cambridge, MA 02138; 617-868-3900; email: info@nber.org

Contact Us