Knowledge, Inequality and Growth in the New Economy

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Edward Elgar, Jan 1, 2003 - Business & Economics - 380 pages
'In Knowledge, Inequality and Growth in the New Economy, Richard Nahuis succeeds in explaining different empirical trends from a common theoretical perspective. It is convincingly shown that the wage gap between skilled and unskilled workers and the productivity paradox related to the spread of computers can be explained by the introduction of a so-called general purpose technology. Working through the models is like undertaking a voyage of discovery with many beautiful sites. References to statistics and measurement problems serve as a compass to keep track of the real world. The rich content and the analytical skills of the author make reading and studying the book highly rewarding.'
- Theo van de Klundert, Tiburg University, Groningen University and CPB Netherlands Bureau for Economic Policy Analysis, The Netherlands
During the past two centuries, major technological breakthroughs such as the steam engine and electricity have acted as the catalysts for growth and have resulted in a marked increase in material well-being. The dominant technology today - information and communication technology (ICT) - does not seem to drive growth as effectively and has coincided with an apparent increase in wage inequality. This book provides explanations of these two characteristics of modern economies and analyses them from both an individual and integrated perspective.

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General introduction and outline
A survey

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