Moore's law and the semiconductor industry: A vintage model

Scandinavian Journal of Economics

Volumn 107, Issue 4, 2005, Pages 603-630

  Aizcorbe, Ana ^a   Kortum, Samuel ^b  

^a Bureau of Economic Analysis   (United States)

^b UNIVERSITY OF MINNESOTA   (United States)

Author keywords

Equipment; Innovation; Microprocessor; Productivity

Indexed keywords

INDUSTRIAL PERFORMANCE; INNOVATION; MODELING; SEMICONDUCTOR INDUSTRY;

NORTH AMERICA; UNITED STATES;

EID: 29444439643     PISSN: 03470520     EISSN: None     Source Type: Journal    
DOI: 10.1111/j.1467-9442.2005.00429.x     Document Type: Article

References (30)

1. Aizcorbe, A. (2005), Why Are Semiconductor Prices Falling So Fast? A Decomposition, Economic Inquiry, forthcoming.
2. Aizcorbe, A. (2004), Product Introductions and Productivity at Intel in the 1990s, mimeo, Bureau of Economic Analysis, Washington, DC.
3. Baldwin, R. E. and Krugman, P. R. (1988), Market Access and International Competition: A Simulation Study of 16K Random Access Memories, in R. Feenstra (ed.), Empirical Methods for International Trade, MIT Press, Cambridge, MA.
4. Congressional Budget Office (2002), The Role of Computer Technology in the Growth of Productivity, CBO paper, Washington, DC.
5. Flamm, K. (1996), Mismanaged Trade? Strategic Policy and the Semiconductor Industry, Brookings Institution Press, Washington, DC.
6. Flamm, K. (1997), More for Less: The Economic Impact of Semiconductors, Semiconduction Industry Associaton.
7. Gowrisankaran, G. and Holmes, T. (2004), Mergers and the Evolution of Industry Concentration: Results from the Dominant-firm Model, RAND Journal of Economics 35 (3), 561-582.
8. Grimm, B. T. (1998), Price Indexes for Selected Semiconductors, 1974-96, Survey of Current Business 78, 8-24.
9. Hatch, N. and Mowery, D. C. (1998), Process Innovation and Learning by Doing in Semiconductor Manufacturing, Management Science 44 (11), 1461-1477.
10. Hobijn, B. (2002), On Both Sides of the Quality Bias in Price Indexes, Staff Reports no. 157, Federal Reserve Bank of New York.
11. Irwin, D. A. and Klenow, P. J. (1994), Learning by Doing Spillovers in the Semiconductor Industry, Journal of Political Economy 102 (6), 1200-1227.
12. Jorgenson, D. W. (2001), Information Technology and the U.S. Economy, American Economic Review 91 (1), 1-32.
13. Jorgenson, D. W. and Stiroh, K. J. (2000), U.S. Economic Growth in the New Millennium, Brookings Papers on Economic Activity 1, 125-211.
14. Jorgenson, D. W., Ho, M. S. and Stiroh, K. J. (2002), Projecting Productivity Growth: Lessons from the U.S. Growth Resurgence, Economic Review, Federal Reserve Bank of Atlanta, 1-13.
15. Jovanovic, B. and Lach, S. (1989), Entry, Exit, and Diffusion with Learning by Doing, American Economic Review 79 (4), 690-699.
16. Kydland, F. (1979), A Dynamic Dominant Firm Model of Industry Structure, Scandinavian Journal of Economics 81 (3), 355-366.
17. Lucas, R. E. and Prescott, E. C. (1971), Investment under Uncertainty, Econometrica 39 (5), 659-681.
18. Luttmer, E. G. J. (2004), Measuring Multi-sector Balanced Growth, mimeo, University of Minnesota, Minneapolis, MN.
19. McKinsey Global Institute (2001), US Productivity Growth 1995-2000: Understanding the Contribution of Information Technology Relative to Other Factors, McKinsey & Company, Washington, DC.
20. MicroDesign Resources, Intel Microprocessor Forecast, various years, MicroDesign Resources, Inc., Sebastopol, CA.
21. Mitchell, M. F. (2002), Technological Change and the Scale of Production, Review of Economic Dynamics 5, 477-488.
22. Moene, K. O. and Wallerstein, M. (1997), Pay Inequality, Journal of Labor Economics 15 (3), 403-430.
23. Moore, G. E. (1965), Cramming More Components onto Integrated Circuits, Electronics 38 (8).
24. Oliner, S. D. and Sichel, D. E. (2000), The Resurgence of Growth in the Late 1990s: Is Information Technology the Story?, Journal of Economic Perspectives 14, 3-22.
25. Oliner, S. D. and Sichel, D. E. (2002), Information Technology and Productivity: Where Are We Now and Where Are We Going?, Economic Review, Federal Reserve Bank of Atlanta, 15-44.
26. Salter, W. E. G. (1960), Productivity and Technical Change, Cambridge University Press, Cambridge.
27. Semiconductor Industry Association (2003), International Technology Roadmap for Semiconductors, San Jose, CA (update 2005), http:// www.public.itrs.net/.
28. Siebert, R. (2003), Learning by Doing and Multiproduction Effects Over the Life Cycle: Evidence from the Semiconductor Industry, CEPR Discussion Paper no. 3734.
29. Solow, R. M., Tobin, J., von Weizsacker, C. C. and Yaari, M. (1966), Neoclassical Growth with Fixed Factor Proportions, Review of Economic Studies 33 (2), 79-115.
30. Song, Minjae (2004), Measuring Consumer Welfare in the CPU Market: An Application of the Pure Characteristics Demand Model, mimeo, Georgia Institutes of Technology, Atlanta, GA.