Growth, Capital and New Technologies

Growth, Capital and New Technologies

Author: Ronald Martin Albers

Publisher: Fundacion BBVA

Published: 2006

Total Pages: 374

ISBN-13: 8496515087

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Durante los años noventa, Estados Unidos conoció un resurgir del crecimiento económico. Aunque este fenómeno se explica en parte por razones de ciclo, existen otras de orden estructural e influencia a largo plazo, en particular el papel del capital asociado a las Tecnologías de Información y Comunicación (ICT, según sus siglas en inglés), y la producción de activos en este sector. El contraste entre la tasa de crecimiento de Estados Unidos y el avance mucho más modesto de la Unión Europea se ha atribuido, en ocasiones, al retraso del Viejo Continente en el uso y la producción de activos relacionados con las nuevas tecnologías. Esta obra analiza el crecimiento, la medición del capital y las nuevas tecnologías. Para ello, reúne las ponencias presentadas y debatidas, a finales de noviembre de 2002, en un seminario internacional organizado por la Fundación BBVA y el Instituto Valenciano de Estudios Económicos (Ivie) en Valencia. Todas las ponencias se han sometido a un proceso de revisión y actualización antes de ser incluidas en el volumen. Esta colección de trabajos pretende facilitar el conocimiento y la comprensión de los factores que subyacen al crecimiento económico y a la mejora de la productividad de los años noventa y, en particular, al papel desempeñado por las ICT.


Book Synopsis Growth, Capital and New Technologies by : Ronald Martin Albers

Download or read book Growth, Capital and New Technologies written by Ronald Martin Albers and published by Fundacion BBVA. This book was released on 2006 with total page 374 pages. Available in PDF, EPUB and Kindle. Book excerpt: Durante los años noventa, Estados Unidos conoció un resurgir del crecimiento económico. Aunque este fenómeno se explica en parte por razones de ciclo, existen otras de orden estructural e influencia a largo plazo, en particular el papel del capital asociado a las Tecnologías de Información y Comunicación (ICT, según sus siglas en inglés), y la producción de activos en este sector. El contraste entre la tasa de crecimiento de Estados Unidos y el avance mucho más modesto de la Unión Europea se ha atribuido, en ocasiones, al retraso del Viejo Continente en el uso y la producción de activos relacionados con las nuevas tecnologías. Esta obra analiza el crecimiento, la medición del capital y las nuevas tecnologías. Para ello, reúne las ponencias presentadas y debatidas, a finales de noviembre de 2002, en un seminario internacional organizado por la Fundación BBVA y el Instituto Valenciano de Estudios Económicos (Ivie) en Valencia. Todas las ponencias se han sometido a un proceso de revisión y actualización antes de ser incluidas en el volumen. Esta colección de trabajos pretende facilitar el conocimiento y la comprensión de los factores que subyacen al crecimiento económico y a la mejora de la productividad de los años noventa y, en particular, al papel desempeñado por las ICT.


Technology and Capital Formation

Technology and Capital Formation

Author: Dale Weldeau Jorgenson

Publisher: Mit Press

Published: 1989-01

Total Pages: 525

ISBN-13: 9780262100397

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The contributions in this book bring a wealth of detailed empirical data and an unusually wide range of perspectives - from universities, government, and business - to bear on the exploration of this important interrelationship; they focus, in particular, on the role of capital in the production process.


Book Synopsis Technology and Capital Formation by : Dale Weldeau Jorgenson

Download or read book Technology and Capital Formation written by Dale Weldeau Jorgenson and published by Mit Press. This book was released on 1989-01 with total page 525 pages. Available in PDF, EPUB and Kindle. Book excerpt: The contributions in this book bring a wealth of detailed empirical data and an unusually wide range of perspectives - from universities, government, and business - to bear on the exploration of this important interrelationship; they focus, in particular, on the role of capital in the production process.


New Perspectives on Economic Growth and Technological Innovation

New Perspectives on Economic Growth and Technological Innovation

Author: F. M. Scherer

Publisher: Brookings Institution Press

Published: 2011-10-01

Total Pages: 184

ISBN-13: 9780815796534

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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.


Book Synopsis New Perspectives on Economic Growth and Technological Innovation by : F. M. Scherer

Download or read book New Perspectives on Economic Growth and Technological Innovation written by F. M. Scherer and published by Brookings Institution Press. This book was released on 2011-10-01 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.


Growth in a Time of Change

Growth in a Time of Change

Author: Hyeon-Wook Kim

Publisher: Brookings Institution Press

Published: 2020-02-25

Total Pages: 376

ISBN-13: 0815737769

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Growth in a Time of Change: Global and Country Perspectives on a New Agenda is the first of a two-book research project that addresses new issues and challenges for economic growth arising from ongoing significant change in the world economy, focusing especially on technological transformation. The project is a collaboration between the Brookings Institution and the Korea Development Institute. Part I of the book looks at key elements of change from a global perspective. It analyzes how technological change, shifts in investment, and demographic transition are affecting potential economic growth globally and across major groups of economies. The contributors explore possible scenarios for the global economy as the digital revolution drives rapid technological change, including impacts on growth, jobs, income distribution, trade balances, and capital flows. Technology is changing the global configuration of comparative advantage and globalization increasingly has a digital dimension. The implications of these developments for the future of sectors such as manufacturing and for international trade are assessed. Part II of the book addresses new issues in the growth agenda from the perspective of an individual major economy: South Korea. The chapters in this section analyze how macroeconomic developments and technological change are influencing the behavior of households and firms in terms of their decisions to consume, save, and invest. Rising income and wealth inequalities are a major concern globally. Against this backdrop, trends in the labor income share and wage inequalities in South Korea are analyzed in terms of the role played by technology, industrial concentration, shifts in labor demand and supply, and other factors. Throughout the book, the contributors, in their analysis of both global and Korea-specific trends and prospects, place emphasis on drawing implications for policy.


Book Synopsis Growth in a Time of Change by : Hyeon-Wook Kim

Download or read book Growth in a Time of Change written by Hyeon-Wook Kim and published by Brookings Institution Press. This book was released on 2020-02-25 with total page 376 pages. Available in PDF, EPUB and Kindle. Book excerpt: Growth in a Time of Change: Global and Country Perspectives on a New Agenda is the first of a two-book research project that addresses new issues and challenges for economic growth arising from ongoing significant change in the world economy, focusing especially on technological transformation. The project is a collaboration between the Brookings Institution and the Korea Development Institute. Part I of the book looks at key elements of change from a global perspective. It analyzes how technological change, shifts in investment, and demographic transition are affecting potential economic growth globally and across major groups of economies. The contributors explore possible scenarios for the global economy as the digital revolution drives rapid technological change, including impacts on growth, jobs, income distribution, trade balances, and capital flows. Technology is changing the global configuration of comparative advantage and globalization increasingly has a digital dimension. The implications of these developments for the future of sectors such as manufacturing and for international trade are assessed. Part II of the book addresses new issues in the growth agenda from the perspective of an individual major economy: South Korea. The chapters in this section analyze how macroeconomic developments and technological change are influencing the behavior of households and firms in terms of their decisions to consume, save, and invest. Rising income and wealth inequalities are a major concern globally. Against this backdrop, trends in the labor income share and wage inequalities in South Korea are analyzed in terms of the role played by technology, industrial concentration, shifts in labor demand and supply, and other factors. Throughout the book, the contributors, in their analysis of both global and Korea-specific trends and prospects, place emphasis on drawing implications for policy.


The Cambridge Economic History of the Modern World: Volume 2, 1870 to the Present

The Cambridge Economic History of the Modern World: Volume 2, 1870 to the Present

Author: Stephen Broadberry

Publisher: Cambridge University Press

Published: 2021-06-24

Total Pages: 584

ISBN-13: 1009038559

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The second volume of The Cambridge Economic History of the Modern World explores the development of modern economic growth from 1870 to the present. Leading experts in economic history offer a series of regional studies from around the world, as well as thematic analyses of key factors governing the differential outcomes in different parts of the global economy. Topics covered include human capital, capital and technology, geography and institutions, living standards and inequality, trade and immigration, international finance, and warfare and empire.


Book Synopsis The Cambridge Economic History of the Modern World: Volume 2, 1870 to the Present by : Stephen Broadberry

Download or read book The Cambridge Economic History of the Modern World: Volume 2, 1870 to the Present written by Stephen Broadberry and published by Cambridge University Press. This book was released on 2021-06-24 with total page 584 pages. Available in PDF, EPUB and Kindle. Book excerpt: The second volume of The Cambridge Economic History of the Modern World explores the development of modern economic growth from 1870 to the present. Leading experts in economic history offer a series of regional studies from around the world, as well as thematic analyses of key factors governing the differential outcomes in different parts of the global economy. Topics covered include human capital, capital and technology, geography and institutions, living standards and inequality, trade and immigration, international finance, and warfare and empire.


Early Stage Investments in New Technology Based Firms

Early Stage Investments in New Technology Based Firms

Author: Holger Ludewig

Publisher: diplom.de

Published: 1999-01-04

Total Pages: 192

ISBN-13: 383241214X

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Inhaltsangabe:Abstract: In recent years the issue of early stage investment in new technology based firms has drawn considerable attention. Its relevance emerges from the rise of high technology industries in the global economy. As competition in established, mature industries all over the world is ever increasing, the importance of keeping up and increasing the speed of innovation to ensure competitiveness of companies and national wealth is widely recognized. Innovation may concern products or processes. It refers to the development of new proprietary knowledge, i. e. technology, which is embodied in marketable products or services. In as far as the added private knowledge increases the utility of a product to the customers, it adds value. Unless the new features of a product are matched by competitors, a company may earn innovation rents. Thus proprietary knowledge attained through innovation is an important source of strategic advantage. In a competitive, dynamic market, however innovation rents are not sustainable. Competitors will attempt to match and exceed the innovation advantage. This may be achieved by imitation or by adding other or more innovative features. Whereas following the product life cycle model initial growth may be steep and rents may be high for the first mover, imitators competing on price and other rivals competing on innovations, may inflate the monopolistic power of the proprietary knowledge. Striving to maintain and increase market shares and profitability, companies thus have a strong incentive to keep innovating. For new technology-based firms the importance of proprietary knowledge is particularly pronounced. These start-ups operate in a hostile competitive environment, characterized by high uncertainty, offering the potential for rapid growth and high profits on the upside, but also the substantial threat of incurring deep losses on the downside. Whereas large companies generally possess a diversified product portfolio and a host of strategic assets, small companies will need to compete on a single new product or service and the determination of its management team. Politicians, worried by high unemployment and budget deficits, lately fell in love with the high-technology start-ups for their ability to create jobs and ensure future tax revenues. New technology-based firms are drivers of structural change in the economy in that they are among the first to enter new high growth potential industries. For [...]


Book Synopsis Early Stage Investments in New Technology Based Firms by : Holger Ludewig

Download or read book Early Stage Investments in New Technology Based Firms written by Holger Ludewig and published by diplom.de. This book was released on 1999-01-04 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: Inhaltsangabe:Abstract: In recent years the issue of early stage investment in new technology based firms has drawn considerable attention. Its relevance emerges from the rise of high technology industries in the global economy. As competition in established, mature industries all over the world is ever increasing, the importance of keeping up and increasing the speed of innovation to ensure competitiveness of companies and national wealth is widely recognized. Innovation may concern products or processes. It refers to the development of new proprietary knowledge, i. e. technology, which is embodied in marketable products or services. In as far as the added private knowledge increases the utility of a product to the customers, it adds value. Unless the new features of a product are matched by competitors, a company may earn innovation rents. Thus proprietary knowledge attained through innovation is an important source of strategic advantage. In a competitive, dynamic market, however innovation rents are not sustainable. Competitors will attempt to match and exceed the innovation advantage. This may be achieved by imitation or by adding other or more innovative features. Whereas following the product life cycle model initial growth may be steep and rents may be high for the first mover, imitators competing on price and other rivals competing on innovations, may inflate the monopolistic power of the proprietary knowledge. Striving to maintain and increase market shares and profitability, companies thus have a strong incentive to keep innovating. For new technology-based firms the importance of proprietary knowledge is particularly pronounced. These start-ups operate in a hostile competitive environment, characterized by high uncertainty, offering the potential for rapid growth and high profits on the upside, but also the substantial threat of incurring deep losses on the downside. Whereas large companies generally possess a diversified product portfolio and a host of strategic assets, small companies will need to compete on a single new product or service and the determination of its management team. Politicians, worried by high unemployment and budget deficits, lately fell in love with the high-technology start-ups for their ability to create jobs and ensure future tax revenues. New technology-based firms are drivers of structural change in the economy in that they are among the first to enter new high growth potential industries. For [...]


Venture Capital and New Technology Based Firms

Venture Capital and New Technology Based Firms

Author: Oliver Pfirrmann

Publisher: Springer Science & Business Media

Published: 2012-12-06

Total Pages: 165

ISBN-13: 3642486835

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The aim of this study is to investigate in the role of Venture Capital in the development of New Technology Based Firms in two countries: USA and Germany. Based on literature review and empirical work issues concerning the extent and stage of financing, the nature of oversight provided by Venture Capitalists and the framework conditions for Venture Capital are subject of investigation. The results have been reflected in a workshop with experts from research, industry and policy.


Book Synopsis Venture Capital and New Technology Based Firms by : Oliver Pfirrmann

Download or read book Venture Capital and New Technology Based Firms written by Oliver Pfirrmann and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 165 pages. Available in PDF, EPUB and Kindle. Book excerpt: The aim of this study is to investigate in the role of Venture Capital in the development of New Technology Based Firms in two countries: USA and Germany. Based on literature review and empirical work issues concerning the extent and stage of financing, the nature of oversight provided by Venture Capitalists and the framework conditions for Venture Capital are subject of investigation. The results have been reflected in a workshop with experts from research, industry and policy.


A New Economy?

A New Economy?

Author: Organisation for Economic Co-operation and Development

Publisher: OECD Publishing

Published: 2000

Total Pages: 118

ISBN-13:

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"This study examines the role of innovation and information and communications technologies in recent OECD growth performances"--Foreword.


Book Synopsis A New Economy? by : Organisation for Economic Co-operation and Development

Download or read book A New Economy? written by Organisation for Economic Co-operation and Development and published by OECD Publishing. This book was released on 2000 with total page 118 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This study examines the role of innovation and information and communications technologies in recent OECD growth performances"--Foreword.


General Purpose Technologies and Economic Growth

General Purpose Technologies and Economic Growth

Author: Elhanan Helpman

Publisher: MIT Press

Published: 1998

Total Pages: 348

ISBN-13: 9780262082631

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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.


Book Synopsis General Purpose Technologies and Economic Growth by : Elhanan Helpman

Download or read book General Purpose Technologies and Economic Growth written by Elhanan Helpman and published by MIT Press. This book was released on 1998 with total page 348 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.


Time Horizons and Technology Investments

Time Horizons and Technology Investments

Author: National Academy of Engineering

Publisher: National Academies Press

Published: 1992-02-01

Total Pages: 119

ISBN-13: 0309046475

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It is frequently argued that U.S. corporations have shorter time horizons for planning and investment than their Japanese and German competitors. This argument, though widely accepted in studies of U.S. competitiveness, has rarely been examined in depth. Time Horizons and Technology Investments explores the evidence that some U.S. corporations consistently select projects biased toward short-term return and addresses factors influencing the time-related preferences of U.S. corporate managers in selecting projects for investment. It makes recommendations to policymakers and managers about policies to mitigate negative external influences and about strategies to remove internal biases toward noncompetitive decisions.


Book Synopsis Time Horizons and Technology Investments by : National Academy of Engineering

Download or read book Time Horizons and Technology Investments written by National Academy of Engineering and published by National Academies Press. This book was released on 1992-02-01 with total page 119 pages. Available in PDF, EPUB and Kindle. Book excerpt: It is frequently argued that U.S. corporations have shorter time horizons for planning and investment than their Japanese and German competitors. This argument, though widely accepted in studies of U.S. competitiveness, has rarely been examined in depth. Time Horizons and Technology Investments explores the evidence that some U.S. corporations consistently select projects biased toward short-term return and addresses factors influencing the time-related preferences of U.S. corporate managers in selecting projects for investment. It makes recommendations to policymakers and managers about policies to mitigate negative external influences and about strategies to remove internal biases toward noncompetitive decisions.