The Impact Of Science On Economic Growth And Its Cycles PDF Download
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Author | : Arvid Aulin |
Publisher | : Springer |
Total Pages | : 204 |
Release | : 1998-09-17 |
Genre | : Business & Economics |
ISBN | : 9783540647270 |
Download The Impact of Science on Economic Growth and its Cycles Book in PDF, ePub and Kindle
The author shows that the enormous gap between theory and facts in modern macroeconomics can only be eliminated by nonlinear macroeconomic dynamics with the following special characteristics: First of all, only certain group-theoretical invariants generate the correct growth cycles with irregularly varying lengths, not any stochastic process as usually applied for this purpose. Furthermore, a special extended value function and generalized human capital are needed for a correct representation of scientific and technological innovation. Finally, the correct nonlinear macroeconomic dynamics are not reducible to microeconomics, for both of the above mentioned reasons.
Author | : Nathan Edmonson |
Publisher | : Routledge |
Total Pages | : 184 |
Release | : 2017-09-08 |
Genre | : Business & Economics |
ISBN | : 135148673X |
Download Technology Cycles and U.S. Economic Policy in the Early 21st Century Book in PDF, ePub and Kindle
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 | : Arvid Aulin |
Publisher | : Springer Science & Business Media |
Total Pages | : 212 |
Release | : 2012-12-06 |
Genre | : Business & Economics |
ISBN | : 3642958613 |
Download The Impact of Science on Economic Growth and its Cycles Book in PDF, ePub and Kindle
The author shows that the enormous gap between theory and facts in modern macroeconomics can only be eliminated by nonlinear macroeconomic dynamics with the following special characteristics: First of all, only certain group-theoretical invariants generate the correct growth cycles with irregularly varying lengths, not any stochastic process as usually applied for this purpose. Furthermore, a special extended value function and generalized human capital are needed for a correct representation of scientific and technological innovation. Finally, the correct nonlinear macroeconomic dynamics are not reducible to microeconomics, for both of the above mentioned reasons.
Author | : Thomas F. Cooley |
Publisher | : Princeton University Press |
Total Pages | : 452 |
Release | : 1995-02-26 |
Genre | : Business & Economics |
ISBN | : 9780691043234 |
Download Frontiers of Business Cycle Research Book in PDF, ePub and Kindle
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 | : Ajay Agrawal |
Publisher | : University of Chicago Press |
Total Pages | : 172 |
Release | : 2024-03-05 |
Genre | : Business & Economics |
ISBN | : 0226833127 |
Download The Economics of Artificial Intelligence Book in PDF, ePub and Kindle
A timely investigation of the potential economic effects, both realized and unrealized, of artificial intelligence within the United States healthcare system. In sweeping conversations about the impact of artificial intelligence on many sectors of the economy, healthcare has received relatively little attention. Yet it seems unlikely that an industry that represents nearly one-fifth of the economy could escape the efficiency and cost-driven disruptions of AI. The Economics of Artificial Intelligence: Health Care Challenges brings together contributions from health economists, physicians, philosophers, and scholars in law, public health, and machine learning to identify the primary barriers to entry of AI in the healthcare sector. Across original papers and in wide-ranging responses, the contributors analyze barriers of four types: incentives, management, data availability, and regulation. They also suggest that AI has the potential to improve outcomes and lower costs. Understanding both the benefits of and barriers to AI adoption is essential for designing policies that will affect the evolution of the healthcare system.
Author | : Clement Chukwukadibia Onyemelukwe |
Publisher | : Routledge |
Total Pages | : 440 |
Release | : 2005 |
Genre | : Business & Economics |
ISBN | : |
Download The Science of Economic Development and Growth Book in PDF, ePub and Kindle
Conventional Economics and New Economic Cycles -- Inflation and the New Economy -- New Growth Heights -- 10. Conclusion -- Notes -- Index
Author | : Michael J Andrews |
Publisher | : University of Chicago Press |
Total Pages | : 633 |
Release | : 2022-03-17 |
Genre | : Business & Economics |
ISBN | : 022681078X |
Download The Role of Innovation and Entrepreneurship in Economic Growth Book in PDF, ePub and Kindle
"Innovation and entrepreneurship are ubiquitous today, both as fields of study and as starting points for conversations among experts in government and economic development. But while these areas on continue to attract public and private investments, many measurements of their resulting economic growth-including productivity growth and business dynamism-have remained modest. Why this difference? Because not all business sectors are the same, and the transformative gains of some industries have been offset by stagnation or contraction in others. Accordingly, a nuanced understanding of the economy requires a nuanced understanding of where innovation and entrepreneurship occur and where they matter. Answering these questions allows for strategic public investment and the infrastructure for economic growth.The Role of Innovation and Entrepreneurship in Economic Growth, the latest entry in the NBER conference series, seeks to codify these answers. The editors leverage industry studies to identify specific examples of productivity improvements enabled by innovation and entrepreneurship, including those from new production technologies, increased competition, new organizational forms, and other means. Taken together, the volume illuminates whether the contribution of innovation and entrepreneurship to economic growth is likely to be concentrated, be it selected sectors or more broadly"--
Author | : Frank Witte |
Publisher | : Between Science and Economics |
Total Pages | : 300 |
Release | : 2017-01-31 |
Genre | : Business & Economics |
ISBN | : 9781783263165 |
Download From Scientific Progress to Economic Growth Book in PDF, ePub and Kindle
The past few centuries have seen an enormous increase in living standards in many parts of the world and these economies have become more complex than ever before. At the same time, progress in science and technology has reached unprecedented heights, taking us far beyond the wildest dreams of a few generations ago. Questions as to how science, technology and the economy interact are pertinent and important ones, whose partial answers require a view "from across the fence" between disciplines. This book provides an introduction to the vast and varied field of the economics of science. It is a unique blend of an economic perspective on the way science works, what makes scientists tick, and a study of the impact of scientific and technological progress on economies and their growth. Whether it is about the speculative market of ideas or science and technology as engines of the economy, there is something here for economists, engineers and scientists alike.
Author | : National Academy of Sciences, Washington. Committee on Science, Technology, and Regional Economic Development |
Publisher | : |
Total Pages | : 112 |
Release | : 1969 |
Genre | : |
ISBN | : |
Download The Impact of Science and Technology on Regional Economic Development Book in PDF, ePub and Kindle
Author | : Charles R. Hulten |
Publisher | : University of Chicago Press |
Total Pages | : 528 |
Release | : 2018-12-26 |
Genre | : Business & Economics |
ISBN | : 022656780X |
Download Education, Skills, and Technical Change Book in PDF, ePub and Kindle
Over the past few decades, US business and industry have been transformed by the advances and redundancies produced by the knowledge economy. The workplace has changed, and much of the work differs from that performed by previous generations. Can human capital accumulation in the United States keep pace with the evolving demands placed on it, and how can the workforce of tomorrow acquire the skills and competencies that are most in demand? Education, Skills, and Technical Change explores various facets of these questions and provides an overview of educational attainment in the United States and the channels through which labor force skills and education affect GDP growth. Contributors to this volume focus on a range of educational and training institutions and bring new data to bear on how we understand the role of college and vocational education and the size and nature of the skills gap. This work links a range of research areas—such as growth accounting, skill development, higher education, and immigration—and also examines how well students are being prepared for the current and future world of work.