The Weightless Economy in Economic Development
Danny Quah ()
Research Paper from World Institute for Development Economics Research
Abstract:
Can the increasing signicance of knowledge-products in national income- the growing weightless economy-infuence economic development? Those technologies reduce "distance" between consumers and knowledge production This paper analyzes a model embodying such a reduction. The model shows how demand-side attributes-consumer attitudes on complex goods; training, educa tion, and skills for consumption (rather than production)-can importantly affect patterns of economic growth and development. Evidence from the failed Industrial Revolution in 14th-century China illustrates the empirical relevance of the analysis.
Keywords: TECHNOLOGY; ECONOMIC GROWTH; KNOWLEDGE (search for similar items in EconPapers)
JEL-codes: N15 O11 O14 O33 (search for similar items in EconPapers)
Pages: 30 pages
Date: 1999
References: Add references at CitEc
Citations: View citations in EconPapers (25) Track citations by RSS feed
There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.
Related works:
Working Paper: The Weightless Economy in Economic Development (1999)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:fth:wodeec:155
Access Statistics for this paper
More papers in Research Paper from World Institute for Development Economics Research United Nations University; World Institute for Development Economics Research, Katajanokanlaituri 6B, 00160 Helsinki. Contact information at EDIRC.
Bibliographic data for series maintained by Thomas Krichel ().