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Faculty of Economics

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Ristuccia, C. A. and Solomou , S.

General Purpose Technologies and Economic Growth: Electricity Diffusion in the Manufacturing Sector Before WWII


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.

Keywords: Copyright, General Purpose Technologies, Economic Growth, Economic History, Productivity, Long Swings

JEL Codes: N11 N12 N13 N14 N60 O40

Author links: Cristiano Ristuccia  Solomos Solomou  


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