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Nanotechnology as a General Purpose Technology. The Effect of Nanotechnology on Economic Growth in Europe, 1989-2013.

Scherer, Bernadette LU (2018) EKHS31 20181
Department of Economic History
Abstract
Currently, one can witness a Nanotechnology-hype across different economies and sectors based on its significant potential on the nanoscale. This causes debates about Nanotechnology’s future development and whether it can be characterised as a General Purpose Technology (short: GPT). Nanotechnology as an emerging technology benefits from the nanoscale on which many other sectors work, easing the diffusion of Nanotechnology. This thesis extends current research by investigating the economic impact of Nanotechnology as a GPT. This is done through a growth accounting framework applying the Cobb-Douglas production function. Conclusions are derived with respect to the empirical analysis and suggest that Nanotechnology increases economic growth... (More)
Currently, one can witness a Nanotechnology-hype across different economies and sectors based on its significant potential on the nanoscale. This causes debates about Nanotechnology’s future development and whether it can be characterised as a General Purpose Technology (short: GPT). Nanotechnology as an emerging technology benefits from the nanoscale on which many other sectors work, easing the diffusion of Nanotechnology. This thesis extends current research by investigating the economic impact of Nanotechnology as a GPT. This is done through a growth accounting framework applying the Cobb-Douglas production function. Conclusions are derived with respect to the empirical analysis and suggest that Nanotechnology increases economic growth and can be regarded as an engine of growth. However, following current research this might only be short term growth requiring further steps to reach a state of sustained growth. (Less)
Please use this url to cite or link to this publication:
author
Scherer, Bernadette LU
supervisor
organization
course
EKHS31 20181
year
type
H1 - Master's Degree (One Year)
subject
keywords
Nanotechnology, economic growth, engine of growth, general purpose technology
language
English
id
8948680
date added to LUP
2018-06-21 13:40:16
date last changed
2018-06-21 13:40:16
@misc{8948680,
  abstract     = {{Currently, one can witness a Nanotechnology-hype across different economies and sectors based on its significant potential on the nanoscale. This causes debates about Nanotechnology’s future development and whether it can be characterised as a General Purpose Technology (short: GPT). Nanotechnology as an emerging technology benefits from the nanoscale on which many other sectors work, easing the diffusion of Nanotechnology. This thesis extends current research by investigating the economic impact of Nanotechnology as a GPT. This is done through a growth accounting framework applying the Cobb-Douglas production function. Conclusions are derived with respect to the empirical analysis and suggest that Nanotechnology increases economic growth and can be regarded as an engine of growth. However, following current research this might only be short term growth requiring further steps to reach a state of sustained growth.}},
  author       = {{Scherer, Bernadette}},
  language     = {{eng}},
  note         = {{Student Paper}},
  title        = {{Nanotechnology as a General Purpose Technology. The Effect of Nanotechnology on Economic Growth in Europe, 1989-2013.}},
  year         = {{2018}},
}