Download or read book A Direct Measure of Technical Change and Its Economic Implications written by Salifou Issoufou and published by . This book was released on 2011 with total page 126 pages. Available in PDF, EPUB and Kindle. Book excerpt: Movements in total factor productivity (TFP) have strong economic implications. For example, improvements in TFP are conducive to long-run economic growth. Also, variations in TFP explain cross-country income differences and, to many real business cycle economists, TFP shocks account for a large fraction of aggregate fluctuations. Despite being important, TFP is a black-box, or some sort of measure of our ignorance about the causes of economic growth (Abramotitz 1956, 11). Most economists agree, however, that technological change is a major component of TFP. To evaluate the effects of technological change on TFP, there is a need for a good indicator of technical change because conventional indicators, whether presented as indirect or direct measures of technology, have shortcomings. The most important of these shortcomings is their inability to measure true technical change. In the essays that follow, I present a new and direct measure of technical change and evaluate its economic implications. The direct measure is derived from actual inventions, in information and communication technology (ICT), identified by engineers that are expert in the field of technology. The exact timing of when the inventions are widely adopted is determined using contemporaneous and ex-post narrative coverage of the identified innovations. This new indicator of technical change has one key advantage over existing indicators in that it consists of actual inventions chosen by technology experts. Using the new indicator, I find that technological innovations have significant impacts on TFP, output, hours, investment and consumption. In addition, and using variation in ICT capital intensity at the sectoral level, I present evidence that industries that use ICT capital more intensively gain more, in terms of productivity, from technological innovations. This sectoral finding provides new evidence that advances in information technology are not limited to industries that produce information technology, contrary to the neoclassical prediction. Furthermore, narrative evidence suggests that the introduction of major inventions leads market participants to react positively in anticipation of future improvements in productivity. A formal test of whether the aggregate S & P 500 significantly responds to technology shocks shows that stock prices fall following technology shocks, a result consistent with the study by Jovanovic and Hobijn (2001).
Download or read book An Introduction to the Study of Technological Change and Its Consequences for Regional and Community Development written by Colin A. Gannon and published by . This book was released on 1967 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt: Conclusions, Recommendations -- Substantive Consideratinos -- Methodological Considerations -- Policy Considerations -- Introduction -- The Meaning of Technical Change -- The Economics of Technological Change -- Social Implications of Technological Change -- The Impact of Dieselization of the Railroads on the Economy of the State of Illinois, 19401960 -- "Second Order" Effects of Dieselization and Other Technological Changes -- A Regional Framework of Economic Development -- The Effects of Dieselization in Selected Cities of Illinois
Download or read book Technological Change and the Environment written by Arnulf Grübler and published by Routledge. This book was released on 2010-09-30 with total page 414 pages. Available in PDF, EPUB and Kindle. Book excerpt: Much is written in the popular literature about the current pace of technological change. But do we have enough scientific knowledge about the sources and management of innovation to properly inform policymaking in technology dependent domains such as energy and the environment? While it is agreed that technological change does not 'fall from heaven like autumn leaves,' the theory, data, and models are deficient. The specific mechanisms that govern the rate and direction of inventive activity, the drivers and scope for incremental improvements that occur during technology diffusion, and the spillover effects that cross-fertilize technological innovations remain poorly understood. In a work that will interest serious readers of history, policy, and economics, the editors and their distinguished contributors offer a unique, single volume overview of the theoretical and empirical work on technological change. Beginning with a survey of existing research, they provide analysis and case studies in contexts such as medicine, agriculture, and power generation, paying particular attention to what technological change means for efficiency, productivity, and reduced environmental impacts. The book includes a historical analysis of technological change, an examination of the overall direction of technological change, and general theories about the sources of change. The contributors empirically test hypotheses of induced innovation and theories of institutional innovation. They propose ways to model induced technological change and evaluate its impact, and they consider issues such as uncertainty in technology returns, technology crossover effects, and clustering. A copublication o Resources for the Future (RFF) and the International Institute for Applied Systems Analysis (IIASA).
Download or read book Productivity Technology and Economic Growth written by Bart van Ark and published by Springer Science & Business Media. This book was released on 2013-03-09 with total page 408 pages. Available in PDF, EPUB and Kindle. Book excerpt: Productivity, Technology and Economic Growth presents a selection of recent research advances on long term economic growth. While the contributions stem from both economic history, macro- and microeconomics and the economics of innovation, all papers depart from a common viewpoint: the key factor behind long term growth is productivity, and the latter is primarily driven by technological change. Most contributions show implicitly or explicitly that technological change is at least partly dependent on growth itself. Furthermore, technology appears to interact strongly with investment in physical and human capital as well as with changes in historical, political and institutional settings. Together these papers are an up-to-date account of the remarkable convergence in theoretical and empirical work on productivity and growth over the past decades. The first part deals with the characteristics of growth regimes over longer periods, ranging from 20 years to two centuries. The next four chapters study the determinants of productivity growth and, in some cases, productivity slowdown during the last quarter of the twentieth century. The final five chapters focus on the role of technology and innovation as the key determinants of growth. Productivity, Technology and Economic Growth is, therefore, a welcome collection for academic scholars and graduate students in economics, history and related social sciences as well as for policy makers.
Download or read book Technical Change and Economic Growth written by Mr George M Korres and published by Ashgate Publishing, Ltd.. This book was released on 2012-11-28 with total page 398 pages. Available in PDF, EPUB and Kindle. Book excerpt: Technological change is not only a determinant of growth but is also a pivotal factor in international competition and the modernization of an economy. In one of the most in-depth and detailed studies of its kind, George Korres analyzes the macroeconomic and the microeconomic factors influencing the economics of innovation and the economic relations between technology, innovation, knowledge and productivity. In particular, this book examines both the theoretical framework and the applications for empirical results. This second edition contributes updated figures and estimations for technical change from EU member states and features new subjects, including growth models, productivity models, production function models and non-parametric models. In one of the most in-depth and detailed studies of its kind, this book captures all the existing contemporary techniques in the theoretical fields as well as the empirical applications of the models.
Download or read book Digital Lifeline written by Carleen Maitland and published by MIT Press. This book was released on 2018-05-04 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: Interdisciplinary perspectives on the role of new information technologies, including mobile phones, wireless networks, and biometric identification, in the global refugee crisis. Today's global refugee crisis has mobilized humanitarian efforts to help those fleeing persecution and armed conflict at all stages of their journey. Aid organizations are increasingly employing new information technologies in their mission, taking advantage of proliferating mobile phones, remote sensors, wireless networks, and biometric identification systems. Digital Lifeline? examines the use of these technological innovations by the humanitarian community, exploring operations and systems that range from forecasting refugee flows to providing cellular and Internet connectivity to displaced persons. The contributors, from disciplines as diverse as international law and computer science, offer a variety of perspectives on forced migration, technical development, and user behavior, drawing on field work in countries including Jordan, Lebanon, Rwanda, Germany, Greece, the United States, and Canada. The chapters consider such topics as the use of information technology in refugee status determination; ethical and legal issues surrounding biometric technologies; information technology within organizational hierarchies; the use of technology by refugees; access issues in refugee camps; the scalability and sustainability of information technology innovations in humanitarian work; geographic information systems and spatial thinking; and the use of “big data” analytic techniques. Finally, the book identifies policy research directions, develops a unified research agenda, and offers practical suggestions for conducting displacement research. Contributors Elizabeth Belding, Karen E. Fisher, Daniel Iland, Lindsey N. Kingston, Carleen F. Maitland, Susan F. Martin, Galya Ben-Arieh Ruffer, Paul Schmitt, Lisa Singh, Brian Tomaszewski, Mariya Zheleva
Download or read book Economics and Technological Change written by Rod Coombs and published by Totowa, N.J. : Rowman & Littlefield. This book was released on 1987 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt: An area of neglect in much of current economic theory has been its lack of attention to the impact of technological innovation on the structure and behavior of firms and the market. This book is a comprehensive study of the economic implications of technological change for three primary institutions: the firm, the market, and the civil sector.
Download or read book New Developments in Productivity Analysis written by Charles R. Hulten and published by University of Chicago Press. This book was released on 2007-11-01 with total page 648 pages. Available in PDF, EPUB and Kindle. Book excerpt: The productivity slowdown of the 1970s and 1980s and the resumption of productivity growth in the 1990s have provoked controversy among policymakers and researchers. Economists have been forced to reexamine fundamental questions of measurement technique. Some researchers argue that econometric approaches to productivity measurement usefully address shortcomings of the dominant index number techniques while others maintain that current productivity statistics underreport damage to the environment. In this book, the contributors propose innovative approaches to these issues. The result is a state-of-the-art exposition of contemporary productivity analysis. Charles R. Hulten is professor of economics at the University of Maryland. He has been a senior research associate at the Urban Institute and is chair of the Conference on Research in Income and Wealth of the National Bureau of Economic Research. Michael Harper is chief of the Division of Productivity Research at the Bureau of Labor Statistics. Edwin R. Dean, formerly associate commissioner for Productivity and Technology at the Bureau of Labor Statistics, is adjunct professor of economics at The George Washington University.
Download or read book Education Skills and Technical Change written by Charles R. Hulten and published by University of Chicago Press. This book was released on 2019-01-11 with total page 528 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the past few decades, US business and industry have been transformed by the advances and redundancies produced by the knowledge economy. The workplace has changed, and much of the work differs from that performed by previous generations. Can human capital accumulation in the United States keep pace with the evolving demands placed on it, and how can the workforce of tomorrow acquire the skills and competencies that are most in demand? Education, Skills, and Technical Change explores various facets of these questions and provides an overview of educational attainment in the United States and the channels through which labor force skills and education affect GDP growth. Contributors to this volume focus on a range of educational and training institutions and bring new data to bear on how we understand the role of college and vocational education and the size and nature of the skills gap. This work links a range of research areas—such as growth accounting, skill development, higher education, and immigration—and also examines how well students are being prepared for the current and future world of work.
Download or read book The Theory of Technological Change and Economic Growth written by Stanislaw Gomulka and published by Psychology Press. This book was released on 1990 with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this wide ranging exposition of the various economic theories of technological change, Stanislaw Gomulka relates them to rates of growth experienced by different economies in both the short and the long term. Analysis of countries as diverse as Japan, the Soviet Union and the United Kingdom demonstrates that there is an interdependence between technological change and the institutional and cultural characteristics of different countries, which can have a profound effect on their rates of growth. All of the major, relevant models are discussed, including those of Kuznets and Phelps, but throughout the emphasis is on the creation of a unified theoretical framework to help explain the impact of technological progress on both a micro and a macro scale.
Download or read book Technological Change and Technology Strategy written by Robert E. Evenson and published by . This book was released on 1994 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt: Theoretical contributions; Technological infrastructure; Technological assets and development; International flows of technology; Technological investment in the private sector; Returns to technological activities; Policy issues.
Download or read book Mastering a New Role written by National Academy of Engineering and published by National Academies Press. This book was released on 1993-02-01 with total page 145 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the changing character of commercial technology development and diffusion in an integrated global economy and its implications for U.S. public policies in support of technological innovation. The volume considers the history, current practice, and future prospects for national policies to encourage economic development through both direct and indirect government support of technological advance.
Download or read book Information Technology and the U S Workforce written by National Academies of Sciences, Engineering, and Medicine and published by National Academies Press. This book was released on 2017-04-18 with total page 199 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recent years have yielded significant advances in computing and communication technologies, with profound impacts on society. Technology is transforming the way we work, play, and interact with others. From these technological capabilities, new industries, organizational forms, and business models are emerging. Technological advances can create enormous economic and other benefits, but can also lead to significant changes for workers. IT and automation can change the way work is conducted, by augmenting or replacing workers in specific tasks. This can shift the demand for some types of human labor, eliminating some jobs and creating new ones. Information Technology and the U.S. Workforce explores the interactions between technological, economic, and societal trends and identifies possible near-term developments for work. This report emphasizes the need to understand and track these trends and develop strategies to inform, prepare for, and respond to changes in the labor market. It offers evaluations of what is known, notes open questions to be addressed, and identifies promising research pathways moving forward.
Download or read book The Impact of Technological Change on Employment and Economic Growth written by Richard M. Cyert and published by . This book was released on 1988 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Economics and Implications of Data written by Mr.Yan Carriere-Swallow and published by International Monetary Fund. This book was released on 2019-09-23 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: This SPR Departmental Paper will provide policymakers with a framework for studying changes to national data policy frameworks.
Download or read book Measuring and Analyzing the Impact of GVCs on Economic Development written by World Trade Organization and published by World Trade Organization. This book was released on 2017 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report is about a huge contribution to our deepening understanding of what the global economy really means and how it is changing. The report helpfully distinguishes elements of an economy that are tradable and the large set that are non-tradable. Clearly the tradables set is expanding with the support of enabling technology. The report argues that connectivity in the networks that define the evolving architecture of GVCs is important. This Global Value Chain Development Report is the result of intensive and detailed work in assembling and analyzing data on the structure of economies and on how they are linked. It creates a much clearer picture of evolving patterns of independence. It also presents a much clearer picture of comparative advantage. --Publisher description.
Download or read book Technology Shocks and Aggregate Fluctuations written by Mr.Pau Rabanal and published by International Monetary Fund. This book was released on 2004-12-01 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: Our answer: Not so well. We reached that conclusion after reviewing recent research on the role of technology as a source of economic fluctuations. The bulk of the evidence suggests a limited role for aggregate technology shocks, pointing instead to demand factors as the main force behind the strong positive comovement between output and labor input measures.
