Moore's Law and Learning-by-Doing

31 Pages Posted: 2 Feb 2002 Last revised: 3 Feb 2015

See all articles by Boyan Jovanovic

Boyan Jovanovic

New York University - Department of Economics

Peter L. Rousseau

Vanderbilt University - Department of Economics

Date Written: January 2002

Abstract

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.

Suggested Citation

Jovanovic, Boyan and Rousseau, Peter L., Moore's Law and Learning-by-Doing (January 2002). NBER Working Paper No. w8762, Available at SSRN: https://ssrn.com/abstract=299185

Boyan Jovanovic (Contact Author)

New York University - Department of Economics ( email )

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Peter L. Rousseau

Vanderbilt University - Department of Economics ( email )

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Nashville, TN 37235
United States
615-343-2466 (Phone)
615-343-8495 (Fax)

HOME PAGE: http://www.vanderbilt.edu/econ/faculty/rousseau.html

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