As we’ve learned over the past two centuries, there’s generally been a significant lag between the broad acceptance of a major new transformative technology and its impact on companies, governments and other institutions. It can take decades for new technologies and business models to be embraced across economies and societies and for their full benefits to be realized.
"The Productivity J-Curve," a working paper published by the National Bureau of Economic Research, seeks to explain the lag affecting so-called general-purpose technologies—think the steam engine, electricity, or the internet—capable of rewriting the global economy.
To Read the Full StorySubscribeSign InContinue reading your article witha WSJ membership
View Membership OptionsResume Subscription
We are delighted that you'd like to resume your subscription.
You will be charged$ + tax(if applicable) for The Wall Street Journal.You may change your billing preferences at any time in the Customer Center or callCustomer Service.You will be notified in advance of any changes in rate or terms.You may cancel your subscription at anytime by callingCustomer Service.
Please click confirm to resume now.
Sponsored Offers
