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Faculty of Economics

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Ristuccia, C. and Solomou, S. N.

General purpose technologies and economic growth: electricity diffusion in the manufacturing sector before WWII

European Review of Economic History

Abstract: This paper evaluates the diffusion of electricity within the context of a GPT perspective. The paper develops a new comparative data set on the usage of electricity in the manufacturing sectors of the US, Britain, France, Germany and Japan and proceeds to evaluate the hypotheses of a productivity slowdown and of a productivity bonus as postulated by many existing GPT models.


Papers and Publications



Recent Publications


Carvalho, V. M. and Grassi, B. Large Firm Dynamics and the Business Cycle American Economic Review [2019]

Gagnon, J. and Goyal, S. Networks, markets and inequality American Economic Review [2017]

Onatski, A. and Wang, C. Alternative Asymptotics for Cointegration Tests in Large VARs Econometrica, forthcoming [2018]