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Chapter 11. The Contribution of Schumpeter to the Theory of Technology Evolution. Exceerpt from forthcoming book, The Theory of Technology Evolution
Vass, Laurie Thomas - 2019
process of continuous innovation and creative destruction.The theory of technology evolution explained in this book places …
Persistent link: https://www.econbiz.de/10012894185
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The Labor Market Impacts of Technological Change : From Unbridled Enthusiasm to Qualified Optimism to Vast Uncertainty
Autor, David H. - National Bureau of Economic Research - 2022
This review considers the evolution of economic thinking on the relationship between digital technology and inequality across four decades, encompassing four related but intellectually distinct paradigms, which I refer to as the education race, the task polarization model, the...
Persistent link: https://www.econbiz.de/10013210102
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Technological Change and Employment : Were Ricardo and Marx Right?
Piva, Mariacristina - 2017
The aim of this paper is twofold. On the one hand, the economic insights about the employment impact of technological change are disentangled starting from the classical economists to nowadays theoretical and empirical analyses. On the other hand, an empirical test is provided; in particular,...
Persistent link: https://www.econbiz.de/10012965044
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R&D-driven biases in energy-saving technical change : a "putty-practically-clay" approach
Zon, Adriaan van (contributor); Lontzek, Thomas (contributor) - 2008
This paper deals with the problem of tackling the adverse effect of output growth on environmental quality. For this purpose we use an intermediate sector that builds "putty-practically-clay" capital consisting of an amalgam of energy and raw capital used for final goods production. The...
Persistent link: https://www.econbiz.de/10003794244
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On the relationship between aging, edical progress and age-specific health care expenditures
Ried, Walter (contributor) - 2007
This paper investigates the impact of population aging, driven by medical progress, upon agespecific expenditure on health care. In a model set up in discrete time, individuals at each age may catch a lethal disease which, upon receiving appropriate medical treatment, nevertheless involves a...
Persistent link: https://www.econbiz.de/10003797084
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When to go local, when to go edible : trade, technology and food security
Koch, William L.; Sadler, Thomas R. - 2009
We develop a variation of the Grossman-Helpman Protection for Saleʺ model, where organized groups, representing various sectors of the economy, influence government policy. In particular, this paper focuses on the rise of food prices and a greater level of influence of a food sector lobby,...
Persistent link: https://www.econbiz.de/10003854753
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Accelerated technological progress : an explanation for wage dispersion and a possible solution to the productivity paradox
Nikutowski, Oliver - 2007
Due to scarcity considerations an increase in the supply of college graduates should reduce the premium for this kind of qualification. Therefore it seems quite contradictory that a tremendous educational expansion in the USA is accompanied by rising wage dispersion (overall and between...
Persistent link: https://www.econbiz.de/10003470547
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Population aging and the direction of technical change
Irmen, Andreas - 2009 - This version: December 10, 2009
An analytical framework is developed to study the repercussions between endogenous capital- and labor-saving technical change and population aging. Following an intuition often attributed to Hicks (1932), I ask whether and how population aging aff ects the relative scarcity of factors of...
Persistent link: https://www.econbiz.de/10003908043
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Steady-state growth and the elasticity of substitution
Irmen, Andreas - 2010 - This version: February 9, 2010.
In a neoclassical economy with endogenous capital- and labor-augmenting technical change the steady-state growth rate of output per worker is shown to increase in the elasticity of substitution between capital and labor. This confirms the assessment of Klump and de La Grandville (2000) that the...
Persistent link: https://www.econbiz.de/10003931235
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Jánossy elmélete az új növekedéselmélet tükrében
Tarján, Tamás - 2010
If Janossy's theory should concisely be drafted, one might say that he had been researching the "real carrier of … economic development" in a very original way and having formulated his theory in a specific language. He managed to identify … growth theory that have appeared in the nineties. The "real carrier of economic development" matches to the "human capital …
Persistent link: https://www.econbiz.de/10003935473