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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
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 affects the relative scarcity of factors of...
Persistent link: https://www.econbiz.de/10003923496
call technology shifters (economic factors). We use several composite technology indices based on appropriate combinations … of the external economic factors which are indicators of different aspects of technology. These technology indices are … specific external economic factors. Furthermore, the technology shifters allow for non-neutral and biased shifts in TC. We also …
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dirty technology can be unlocked and move towards the clean technology. The main extension involves the inclusion of the …
Persistent link: https://www.econbiz.de/10011382078
This paper introduces an economically meaningful concept of generality of an input and defines a coefficient of technological generality, an intuitive measure of congruence in the R&D required for improving the quality of various adaptations of a general purpose input. It is shown in a...
Persistent link: https://www.econbiz.de/10012940899
Evolution of technology is a stepwise advancement of a complex system of artifact, driven by interaction with sub … society. This study explains evolution of technology with two different approaches: theories based on processes of competitive … substitution of a new technology for the old one and theories considering a multi-mode interaction between technologies, such as …
Persistent link: https://www.econbiz.de/10012866127