Pervasive enough? General purpose technologies as an emergent property

Arbeitspapier

We propose a novel model of knowledge discovery shedding light on the emergence of General Purpose Technologies (GPTs), the process which has been largely neglected in the literature on technological change. We demonstrate that GPTs emerge only when certain conditions with regard to the following techno-economic factors are met: knowledge diffusion, coordination on technological trajectories and volatility in the rank of expected returns on products. Furthermore, our model provides intuitive explanation for technological lock-ins, S-shaped curves of technology adoption, temporal clustering of innovations in time and replicates distinct features of empirical networks of relatedness among technologies and products.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: KIT Working Paper Series in Economics ; No. 95

Classification and Topics

• Classification: Wirtschaft ; Computational Techniques; Simulation Modeling ; Search; Learning; Information and Knowledge; Communication; Belief; Unawareness ; Network Formation and Analysis: Theory ; Industrial Organization and Macroeconomics: Industrial Structure and Structural Change; Industrial Price Indices
• Subject: general purpose technology ; technology networks ; pervasiveness of technologies ; knowledge diffusion ; innovation

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Korzinov, Vladimir ; Savin, Ivan
• Event: Veröffentlichung
• (who): Karlsruher Institut für Technologie (KIT), Institut für Volkswirtschaftslehre (ECON)
• (where): Karlsruhe
• (when): 2016

Further information

• DOI: doi:10.5445/IR/1000062013
• Handle: http://hdl.handle.net/10419/147981
• URN: urn:nbn:de:swb:90-620136
• Last update: 10.03.2025, 11:43 AM CET