Technological Standardization , Endogenous Productivity and Transitory Dynamics

  title={Technological Standardization , Endogenous Productivity and Transitory Dynamics},
  author={Justus Baron},
Technological standardization is an essential prerequisite for the implementation of new technologies: The interdependencies of these technologies require common rules (“standardization”) to ensure compatibility. Though standardization is prevalent in practically every sector of industrialized economies, its macroeconomic implications have not been analyzed so far. Using data on standardization, we are able to measure the industry-wide adoption of new technologies and analyze their impact on… CONTINUE READING


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