博客來Dale Jorgenson’s Presidential address to the American Economic Association (2001) makes a convincing case that accelerated technological change in the production of semiconductors, microprocessors in particular, has driven the recent
increased productivity growth in the U.S. economy. But, while semiconductors now ï¬ gure prominently in accounts of economic growth, Jorgenson points out that there is not a fully satisfactory economic model of the industry that produces them. This paper is our attempt to rise to Jorgenson’s challenge.
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