TY  - JOUR
AU  - Jovanovic,Boyan
AU  - Rousseau,Peter L.
TI  - Moore's Law and Learning-By-Doing
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 8762
PY  - 2002
Y2  - January 2002
UR  - http://www.nber.org/papers/w8762
L1  - http://www.nber.org/papers/w8762.pdf
N1  - Author contact info:
Boyan Jovanovic
New York University
Department of Economics
19 W. 4th Street, 6th Floor
New York, NY  10012
Tel: 212/998-8953
Fax: 212/995-4186
E-Mail: Boyan.Jovanovic@nyu.edu

Peter L. Rousseau
Department of Economics
Vanderbilt University
VU Station B #351819
2301 Vanderbilt Place
Nashville, TN 37235-1819
Tel: 615/343-2466
E-Mail: peter.l.rousseau@vanderbilt.edu
AB  - 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.
ER  -