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Suggested Citation:"Closing Remarks." National Research Council. 2004. Productivity and Cyclicality in Semiconductors: Trends, Implications, and Questions: Report of a Symposium. Washington, DC: The National Academies Press. doi: 10.17226/11134.
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Closing Remarks

Dale W. Jorgenson

Harvard University

Dr. Jorgenson concluded the symposium by declaring it a success and expressing his gratitude to the participants. In organizing the discussion, he said, the objective of the STEP board had been to initiate a dialogue among economists who had been interested in the semiconductor industry for some time, and who had been inspired by the knowledge that it had recently played an even more strategic role than before in the performance of the economy. The topic was accessible, he said, because the economics of this industry can “be understood without understanding the technology.” At the same time, the technology of semiconductors is driven largely by the economics. In short, he said, there is a community of interest between the technological and economic communities and an obvious need for collaboration on questions that neither group can answer on its own.

Suggested Citation:"Closing Remarks." National Research Council. 2004. Productivity and Cyclicality in Semiconductors: Trends, Implications, and Questions: Report of a Symposium. Washington, DC: The National Academies Press. doi: 10.17226/11134.
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Suggested Citation:"Closing Remarks." National Research Council. 2004. Productivity and Cyclicality in Semiconductors: Trends, Implications, and Questions: Report of a Symposium. Washington, DC: The National Academies Press. doi: 10.17226/11134.
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Page 73
Suggested Citation:"Closing Remarks." National Research Council. 2004. Productivity and Cyclicality in Semiconductors: Trends, Implications, and Questions: Report of a Symposium. Washington, DC: The National Academies Press. doi: 10.17226/11134.
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Page 74
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Hosted by Harvard University’s Kennedy School of Government, this symposium brought together leading technologists and economists to review technical challenges facing the semiconductor industry, the industry’s business cycle, the interconnections between the two, and the implications of growth in semiconductors for the economy as a whole. This volume includes a summary of the symposium proceedings and three major research papers. Topics reviewed encompass the industry technology roadmap, challenges to be overcome to maintain the trajectory of Moore’s Law, the drivers of the continued growth in productivity in the U.S. economy, and economic models for gaining a better understanding of this leading U.S. industry.

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