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Art is Long, Life is Short 人生苦短，学而不厌
UN Department of Economic and Social Affairs (DESA) Working Papers Pub Date : 1900-01-01 DOI: 10.18356/312b6e49-en
Marcelo T. Lafleur
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引用次数: 5
Lessons for Today from Past Periods of Rapid Technological Change 从过去的快速技术变革时期给今天的教训
UN Department of Economic and Social Affairs (DESA) Working Papers Pub Date : 1900-01-01 DOI: 10.18356/C2F6BE59-EN
Chris Vickers, Nicolas L. Ziebarth
{"title":"Lessons for Today from Past Periods of Rapid Technological Change","authors":"Chris Vickers, Nicolas L. Ziebarth","doi":"10.18356/C2F6BE59-EN","DOIUrl":"https://doi.org/10.18356/C2F6BE59-EN","url":null,"abstract":"We provide a history of past periods of rapid technological change starting from the Industrial Revolution continuing up to today. We find that it takes decades for technological breakthroughs to make a difference to the aggregate economy. The reason for this delay is that to realize the value of these breakthroughs requires complementary investments. Second, for good or for bad, government has played an important role in facilitating these transitions through both investments in physical infrastructure and legal reforms. We also emphasize that because technological breakthroughs are difficult to predict, the responses of governments are necessarily improvisational.","PeriodicalId":308623,"journal":{"name":"UN Department of Economic and Social Affairs (DESA) Working Papers","volume":"269 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132183002","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 6
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