How Did the General Purpose Technology Electricityy Contribute to the Second Industrial Revolution (Ii): The Communication Engines

2017 ◽  
Author(s):  
Bouke J.G. van der Kooij
Keyword(s):  
Industrial Revolution ◽  
General Purpose ◽  
General Purpose Technology ◽  
Second Industrial Revolution

A General-Purpose Technology at Work: The Corliss Steam Engine in the Late-Nineteenth-Century United States

2004 ◽  
Vol 64 (1) ◽  
pp. 61-99 ◽  
Author(s):  
NATHAN ROSENBERG ◽  
MANUEL TRAJTENBERG
Keyword(s):  
Nineteenth Century ◽  
Industrial Revolution ◽  
General Purpose ◽  
Steam Engine ◽  
Late Nineteenth Century ◽  
Urban Centers ◽  
General Purpose Technology ◽  
Late Nineteenth ◽  
Nineteenth Century United States ◽  
Stage Estimation

The contribution to growth from the steam engine—Industrial Revolution icon and prime example of a “General Purpose Technology”—has remained unclear. This article examines the role that a particular design improvement in steam power, embodied in the Corliss engine, played in the growth of the U.S. economy in the late nineteenth century. Using detailed data on the location of Corliss engines and waterwheels and a two-stage estimation strategy, we show that the deployment of Corliss engines served as a catalyst for the industry's massive relocation into large urban centers, thus fueling agglomeration economies and further population growth.

The multifaceted dimensions of potent nanostructures: a comprehensive review

2021 ◽  
Author(s):  
Deepika Jamwal ◽  
Aashima Sharma ◽  
Rohini Kanwar ◽  
Surinder Kumar Mehta
Keyword(s):  
General Purpose ◽  
General Purpose Technology ◽  
Comprehensive Review

Nanoscience as a powerful general-purpose technology for commercialization.

Blockchains and the economic institutions of capitalism

2018 ◽  
Vol 14 (4) ◽  
pp. 639-658 ◽  
Author(s):  
SINCLAIR DAVIDSON ◽  
PRIMAVERA DE FILIPPI ◽  
JASON POTTS
Keyword(s):  
Data Structure ◽  
Digital Technology ◽  
General Purpose ◽  
Peer To Peer ◽  
Economic Institutions ◽  
Institutional Evolution ◽  
Network Computing ◽  
General Purpose Technology ◽  
Peer Network ◽  
Peer To Peer Network

AbstractBlockchains are a new digital technology that combines peer-to-peer network computing and cryptography to create an immutable decentralised public ledger. Where the ledger records money, a blockchain is a cryptocurrency, such as Bitcoin; but ledger entries can record any data structure, including property titles, identity and certification, contracts, and so on. We argue that the economics of blockchains extend beyond analysis of a new general purpose technology and its disruptive Schumpeterian consequences to the broader idea that blockchains are an institutional technology. We consider several examples of blockchain-based economic coordination and governance. We claim that blockchains are an instance of institutional evolution.

scholarly journals Technology and Geography in the Second Industrial Revolution: New Evidence from the Margins of Trade

2017 ◽  
Vol 77 (1) ◽  
pp. 39-89 ◽  
Author(s):  
Michael Huberman ◽  
Christopher M. Meissner ◽  
Kim Oosterlinck
Keyword(s):  
Productivity Growth ◽  
Industrial Revolution ◽  
New Products ◽  
Trade Costs ◽  
Belle Epoque ◽  
Belle Époque ◽  
New Evidence ◽  
The Relationship ◽  
Second Industrial Revolution

Belle Époque Belgium recorded an unprecedented trade boom. Exploiting a new granular trade dataset, we find that the number of products delivered abroad and destinations serviced more than doubled in less than 40 years. To explain this remarkable achievement, we study the relationship between trade costs and the intensive and extensive margins of trade. The establishment of a foreign diplomatic network that lowered beachhead costs and enabled the entry of new products was an essential fact of the trade boom. Interestingly, the expansion in trade in certain sectors did not translate into faster productivity growth. We offer some explanations.

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