Technological Foundations Of Cyclical Economic Growth

Author : Nathan Edmonson
Publisher : Routledge
Page : 584 pages
File Size : 53,9 Mb
Release : 2017-09-08
Category : Business & Economics
ISBN : 9781351486781

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Technological Foundations of Cyclical Economic Growth by Nathan Edmonson Pdf

New technology is intimately associated with increased economic growth. The tools people have and when they acquired them tells us much about cyclical patterns of growth. Those interested in encouraging economic growth would do well to look to the conditions that spur the origins, development, and impact of technology - as well as the circumstances that spur prolific periods of invention, the mother of technology. Despite general recognition of the connection between technology and growth, economists rarely have gotten to the heart of the relationship. Joseph Schumpeter and John Hicks were aware of the role of technology in cyclical variability, but their thoughts were not elaborated upon after they passed from the scene. Edmonson goes beyond formal theory, reviewing the record of economic growth and the role of technology in this growth. What does the technology future hold? One clue is where past prototype inventions that that have fomented massive technological innovations have come from. Some parts of the private sector, such as Bell Labs, have been important. The government, particularly in its sponsorship of defense related research, has delivered a number of inventions. Universities are very much in the picture in certain fields, such as nanotechnology. The challenges we face at the onset of the twenty-first century are covered in depth and with imagination by Edmonson. The book will spur much rethinking about economic futures.

Author : G. N. Von Tunzelmann
Publisher : Edward Elgar Publishing
Page : 562 pages
File Size : 42,8 Mb
Release : 1995-01-01
Category : Technology & Engineering
ISBN : 1781956596

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Technology and Industrial Progress by G. N. Von Tunzelmann Pdf

What has dictated the rate and direction of technological change? How central has it been to industrial progress? How has it related to other determinants of economic growth and development? In Technology and Industrial Progress, Dr von Tunzelmann examines theoretical views on the nature and contribution of technology, and the empirical evidence from the major industrializing countries from the 18th century to the present day. The experiences of countries regarded in their time as the leaders of industrialization - Britain in the 18th century, the United States in the 19th century and Japan in the 20th century - are critically compared by the author. The following chapters study the transfer of each of these patterns of technology and growth to later industrializers, such as continental Europe, the Soviet Union, and today's newly industrializing countries. Adopting approaches drawn from evolutionary economics, Dr von Tunzelmann links micro-level phenomena relating to individual firms and technologies to macro-level outcomes as reflected in economic growth and development. This long-awaited book is exceptional both in the range of countries surveyed and the breadth of topics analysed, encompassing changes in production processes, products and marketing, management and finance.

Author : Nathan Edmonson
Publisher : Routledge
Page : 173 pages
File Size : 41,9 Mb
Release : 2017-09-08
Category : Business & Economics
ISBN : 9781351486729

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Technology Cycles and U.S. Economic Policy in the Early 21st Century by Nathan Edmonson Pdf

The overarching theme of this volume is the cyclical nature of technological change, its impact on economic growth, and the limits of government intervention. Technological revolutions are infrequent; there were only three in all of the twentieth century. When they occur, their possibilities are often not immediately apparent. Technology revolutions induce capital investment, not just because they stimulate the need to acquire the new technology, but also because of the need to replace obsolete capacity and new infrastructure. While government has encouraged general economic progress by carrying out highly risky innovations unrelated to fostering economic growth, it seldom succeeds with specific efforts to foster growth. Recent examples of success include the Internet and the global positioning system (GPS), which trace their origins to defense-related research. In contrast, the countercyclical economic stimuli of 2007-2009 have achieved little in the way of general growth. The lack of data about the technology cycle makes formulating appropriate monetary and other policy countercyclical interventions difficult. A technology-founded upswing animated the American economy after 1990, and the -great recession- of 2007- 2009 reflected the waning of the investment boom that this revolution generated. Edmonson argues that the impact of technology revolutions on general economic growth has never received the attention it deserves. This volume will contribute much to debates on economic policy.

Author : F. M. Scherer
Publisher : Brookings Institution Press
Page : 184 pages
File Size : 41,5 Mb
Release : 2011-10-01
Category : Business & Economics
ISBN : 0815796536

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New Perspectives on Economic Growth and Technological Innovation by F. M. Scherer Pdf

A Brookings Institution Press and British-North American Committee publication Two hundred years ago, the first Industrial Revolution sparked a dramatic acceleration in the quantity of goods and services available to the average citizen--a trend of steadily increasing real income per capita that continues to this day. Since that time, economists have struggled to develop systematic explanations for what caused the sudden, rapid increase, why the economy keeps growing, and why the rate of growth varies in different time periods and nations. In this book, F. M. Scherer traces the evolution of economic growth theory from the Industrial Revolution to the present. Emphasizing technological change as the most crucial dynamic force for growth, Scherer analyzes early hypotheses that paid little attention to new technologies, follows the emergence of theories that increasingly emphasized technological change, and reviews the current state of economic growth theory. Pointing out a lack of solid microbehavioral foundations to support contemporary "new growth" ideas, Scherer then supplies some foundational "bricks" concerning financial investment and human capital, and concludes by exploring the prospects for sustaining rapid growth into the next century.

Author : Thomas F. Cooley
Publisher : Princeton University Press
Page : 452 pages
File Size : 44,7 Mb
Release : 1995-02-26
Category : Business & Economics
ISBN : 069104323X

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Frontiers of Business Cycle Research by Thomas F. Cooley Pdf

This introduction to modern business cycle theory uses a neoclassical growth framework to study the economic fluctuations associated with the business cycle. Presenting advances in dynamic economic theory and computational methods, it applies concepts to t

Author : Aleksei V. Bogoviz,Alexander E. Suglobov,Alexandr N. Maloletko,Olga V. Kaurova,Svetlana V. Lobova
Publisher : Springer Nature
Page : 1072 pages
File Size : 51,9 Mb
Release : 2020-09-24
Category : Technology & Engineering
ISBN : 9783030578312

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Frontier Information Technology and Systems Research in Cooperative Economics by Aleksei V. Bogoviz,Alexander E. Suglobov,Alexandr N. Maloletko,Olga V. Kaurova,Svetlana V. Lobova Pdf

This book is the very first book-length study devoted to the advances in technological development and systems research in cooperative economics. The chapters provide, first of all, a coherent framework for understanding and applying the concepts and approaches of complexity and systems science for the advanced study of cooperative networks and particular cooperative enterprises and communities. Second, the book serves as a unique source of reliable information on the frontier information technologies available for the production, consumer, credit, and agricultural cooperative enterprises, discussing predominant strategies, potential drivers of change, and responses to complex problems. Given the diverse range of backgrounds and advanced research results, researchers, decision-makers, and stakeholders from all fields of cooperative economics in any country of the world will undoubtedly benefit from this book.

Author : Nikolaos Chatzarakis,Persefoni Tsaliki,Lefteris Tsoulfidis
Publisher : Taylor & Francis
Page : 301 pages
File Size : 44,6 Mb
Release : 2024-06-03
Category : Business & Economics
ISBN : 9781040031018

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Economic Growth and Long Cycles by Nikolaos Chatzarakis,Persefoni Tsaliki,Lefteris Tsoulfidis Pdf

Contemporary capitalism is characterized by periods of vigorous economic growth and periods of slow or even negative growth. This book draws on the classical political economy approach to consider both economic cycles and economic growth and draw conclusions about the inherent instability of the modern economy. The book shows that the work of the old classical economists (Smith and Ricardo) and Marx is theoretically sound and capable of providing answers to both growth and cycles. It also demonstrates the potential and natural integration of growth and cycles in a single model. The microeconomic foundation of this model is the labor theory of value, which continues with the General Law of Capital Accumulation, the Law of the Falling Rate of Profit, and the movement of the Industrial Reserve Army of Labour. Finally, a dynamic model of growth-cum-cycles is constructed consisting of the evolution and interaction of five key variables, namely, the rate of profit, the propensity to invest in fixed capital, technological change, the reserve army of labour, and the rate of capital devaluation. The analysis demonstrates that economic growth and cycles are not disconnected from each other, as they have been treated in the literature, but rather interdependent aspects of the same evolutionary process of a capitalist economy. This book will interest readers in the history of economic thought, economic growth and development, macroeconomics, and political economy.

Author : United States. Congress. House. Committee on Science and Technology. Subcommittee on Science, Research, and Technology
Publisher : Unknown
Page : 1410 pages
File Size : 41,5 Mb
Release : 1984
Category : Full employment policies
ISBN : UCR:31210012936462

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Technology and Employment by United States. Congress. House. Committee on Science and Technology. Subcommittee on Science, Research, and Technology Pdf

Author : Elhanan Helpman
Publisher : MIT Press
Page : 348 pages
File Size : 51,8 Mb
Release : 1998
Category : Business & Economics
ISBN : 0262082632

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General Purpose Technologies and Economic Growth by Elhanan Helpman Pdf

Traditionally, economists have considered the accumulation of conventional inputs such as labour and capital to be the primary force behind economic growth. In the late-1990s however, many economists place technological progress at the centre of the growth process. This shift is due to theoretical developments that allow researchers to link microeconomic outcomes.

Author : Elena G. Popkova,Bruno S. Sergi
Publisher : Springer Nature
Page : 2287 pages
File Size : 49,7 Mb
Release : 2021-03-16
Category : Technology & Engineering
ISBN : 9783030694159

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Modern Global Economic System: Evolutional Development vs. Revolutionary Leap by Elena G. Popkova,Bruno S. Sergi Pdf

This proceedings book reflects the alternative way of development of the modern global economic system. It sets evolutionary development in opposition to revolutionary leap. The search for the best way to develop the world economy in the present and future is carried out. The social environment and the human-centered development of the modern global economic system have been explored. The features of training of personnel for the modern global economic system through the development of vocational education and training have been studied. Sustainable development, energy and food security have been identified as significant milestones of the progress of the modern global economic system. Innovations and digital technologies have been suggested as the drivers of growth and development of the modern global economic system. Consideration has been given to the institutional framework and legal groundwork for the development of the modern global economic system. The fundamentals have been identified and recommendations have been put forward for improving governmental regulation, financial and capital investment support for integration in the modern global economic system. The book includes the best works based on the results of the 22nd International Research-to-Practice Conference “Current Issues of the Global Economy” which was held on June 19, 2020, at the Peoples’ Friendship University of Russia (PFUR) (Moscow, Russia) and the 14th National Research-to-Practice Conference “A New Paradigm of Social and Economic Development in the Age of Intelligent Machines,” which was held on May 14–16, 2020 (Nizhny Novgorod, Russia), VIII International Research-to-Practice Conference “Multipolar Globalization and Russia,” which was held on May 21–23, 2020 (Rostov-on-Don, Russia), III All-Russian Research-to-Practice Conference “Power, Business, and Education: The Ascent to Man,” which was held on May 21–22, 2020 (Krasnoyarsk, Russia), International Research-to-Practice Conference “Current Issues and Ways of Industrial Development: Engineering and Technologies,” which was held from September 28, 2020, till October 1, 2020 (Komsomolsk-on-Amur), and the 15th National Research-to-Practice Conference “New Models of Behavior of Market Players in the Conditions of Digital Economy,” which was held on October 29–30, 2020, at Ufa State Oil Technical University, Institute of Economics and Service (Ufa, Russia). The target audience of the book consists of scholars studying the features of development of the global economic system at the present stage and the prospects for its future progress.

Author : Alexander Chursin,Yuri Vlasov,Yury Makarov
Publisher : Springer
Page : 336 pages
File Size : 55,6 Mb
Release : 2016-08-16
Category : Business & Economics
ISBN : 9783319406008

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Innovation as a Basis for Competitiveness by Alexander Chursin,Yuri Vlasov,Yury Makarov Pdf

This book focuses on the theory and practice involved in the management of innovative activities that enhance the competitiveness of enterprises, industries and economies. It presents a multi-criteria approach to the problem of selecting effective innovative projects and innovative technologies that increase competitiveness in high-tech industries. Further, the book develops a mathematical risk assessment model, and proposes new approaches for systematically identifying and assessing the probability of risk emergence. Lastly, it demonstrates how simulation models can be used to assess the impact of innovative technologies on the competitiveness of high-tech products.

Author : B R Williams
Publisher : Springer
Page : 463 pages
File Size : 47,6 Mb
Release : 1973-01-01
Category : Business & Economics
ISBN : 9781349017317

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Science and Technology in Economic Growth by B R Williams Pdf

Author : Anonim
Publisher : Unknown
Page : 594 pages
File Size : 44,8 Mb
Release : 2009
Category : Academic libraries
ISBN : UCSC:32106021251472

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Choice by Anonim Pdf

Author : Christopher Freeman,John Clark,Luc Soete
Publisher : Westport, Conn. : Greenwood Press
Page : 240 pages
File Size : 44,9 Mb
Release : 1982
Category : Economic development
ISBN : UCSC:32106005307522

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Unemployment and Technical Innovation by Christopher Freeman,John Clark,Luc Soete Pdf

Study on interrelations among unemployment, innovations, business cycles and economic development - discusses the theoretical background, clustering of inventions and innovations (partic. Electronics industry), historical and current trends (1870-1980) and long term fluctuations in research and development, investment, economic growth, economic structure and employment creation, etc.; stresses the need for well-conceived economic policies to simultaneously promote technological change and combat unemployment and inflation. Graphs and references.

Author : Ms.Valerie Cerra,A. Fatas,Ms.Sweta Chaman Saxena
Publisher : International Monetary Fund
Page : 50 pages
File Size : 41,5 Mb
Release : 2020-05-29
Category : Business & Economics
ISBN : 9781513536996

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Hysteresis and Business Cycles by Ms.Valerie Cerra,A. Fatas,Ms.Sweta Chaman Saxena Pdf

Traditionally, economic growth and business cycles have been treated independently. However, the dependence of GDP levels on its history of shocks, what economists refer to as “hysteresis,” argues for unifying the analysis of growth and cycles. In this paper, we review the recent empirical and theoretical literature that motivate this paradigm shift. The renewed interest in hysteresis has been sparked by the persistence of the Global Financial Crisis and fears of a slow recovery from the Covid-19 crisis. The findings of the recent literature have far-reaching conceptual and policy implications. In recessions, monetary and fiscal policies need to be more active to avoid the permanent scars of a downturn. And in good times, running a high-pressure economy could have permanent positive effects.