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22 Δεκ 2009 · Technology and technological change play a central role in economics, whether in the theory of resource allocation or in the theory of growth and development. Yet the nature of technology is largely ignored in economic theory, it being considered sufficient to treat technology as a constraint on productive opportunities.
Technology and science reinforce each other to take the global economy ever higher. In recent years, many economists have questioned the ability of technological progress to keep propelling the economy forward despite declining population growth and rising dependency ratios (Gordon 2016). According to those in this camp, the low-hanging fruit ...
1 Οκτ 2011 · Growing interest worldwide to boost innovation in business sector activities, especially the technology, is intended to maintain or increase national economic competitiveness, inclusively...
3 Ιουλ 2015 · According to the growth principle in neo-classical theory, technological transformation causes an increase in the capita per person and motivates savings and investments and as a result, causes an increase to real GDP. If technological transformation ceases, the growth will also stop.
Abstract. The broad question, what is or has been or could be the contribution of science and technology to economic growth, may be asked for a number of reasons. First, we may want to know as a matter of intellectual curiosity, how important science and technology have been as a source of economic growth in the past, compared with other ...
1 Μαΐ 2009 · Abstract. This paper reflects on the relevance of “systems-theoretic” approaches to the interdependent policy issues relating to the dynamics of science, technology and innovation and their relationship to economic growth.
Technology and Economic Theory. Stan Metcalfe. Published 2009. Economics, Engineering. Technology and technological change play a central role in economics, whether in the theory of resource allocation or in the theory of growth and development.