Technology, Technical Progress and the International Allocation of Economic Activity

1977 ◽  
pp. 314-324 ◽  
Author(s):  
Harry G. Johnson
Keyword(s):  
Technical Progress ◽  
Economic Activity

Wealth and Sustainability

2017 ◽  
Author(s):  
Kirk Hamilton ◽  
John Hartwick ◽  
Kirk Hamilton ◽  
John Hartwick
Keyword(s):  
Sustainable Development ◽  
Natural Resources ◽  
Technical Progress ◽  
Economic Activity ◽  
Resource Depletion ◽  
Well Being ◽  
Natural Factors ◽  
Rule Set ◽  
Factors Of Production ◽  
Produced Capital

In 1974, it was a live question whether the exhaustion of natural resources, such as oil, would necessarily lead to the decline of economic activity. Solow showed that constant levels of consumption could be sustained if there is sufficient substitutability between produced and natural factors of production. Hartwick then proved that underpinning this result is a saving rule—set investment in produced capital equal to the value of resource depletion at each point in time. A large literature has shown that a comprehensive measure of the change in real wealth—net saving—plays a central role in determining whether current well-being can be sustained. The current composition of wealth serves to define the policy challenges that countries face in achieving sustainable development. If substitution possibilities are limited between natural and other factors of production, as one might expect, then technical progress is a necessary complement to policies for sustainability.

scholarly journals Using Simulation Modeling for Finding the Limits of Economic Development Lending without a Financial Crisis

2021 ◽  
Author(s):  
Yuriy V. Vasylenko
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Financial Crisis ◽  
Technical Progress ◽  
Economic Activity ◽  
Gdp Growth ◽  
Labor Costs ◽  
Adequate Model ◽  
Technical Productivity ◽  
The Impact

The only existing approach to analyze the impact of excessive credit on the economy is based on statistics. Its main drawback is small intervals of changes in countries’ indicators, limited by current values. So researchers cannot notice how too much credit causes a financial crisis. To eliminate this and other shortcomings of the statistical approach, the author proposes a different approach: to use for such an analysis an economic model in which one can change credit levels. The most adequate model is a causal simulation model that reflects the main types of legal and shadow economic activity in their relationship. The author has developed such a model. This model showed that the level of loans 25% of output (51.8% of GDP), could create Ukraine’s financial crisis. Since loans are mainly used for investment, the author introduced the concept of the technical productivity of investment to link them with the technical progress, and with GDP growth. The technical productivity of investment measures their ability to reduce the rate of material or labor costs. Besides, the introduction of an indicator of technical productivity of investment made it possible to obtain an analytical dependence of the rate of economic growth on the level of loans and technical productivity of investment.

Economic Activity

1967 ◽  
Author(s):  
G. C. Harcourt ◽  
P. H. Karmel ◽  
R. H. Wallace
Keyword(s):  
Economic Activity

Production, politics, and technical progress – the challenge of change

1968 ◽  
Vol 47 (4) ◽  
pp. 165
Author(s):  
Allen Fairhall
Keyword(s):  
Technical Progress

Digital and Technical Developments in the Amblyopia Therapy

2020 ◽  
Vol 237 (10) ◽  
pp. 1172-1176
Author(s):  
Charlotte Schramm ◽  
Yaroslava Wenner
Keyword(s):  
New Media ◽  
Digital Media ◽  
Technical Progress ◽  
Therapy Monitoring ◽  
Everyday Lives ◽  
Technical Developments ◽  
The Future

AbstractThe digital media becomes more and more common in our everyday lives. So it is not surprising that technical progress is also leaving its mark on amblyopia therapy. New media and technologies can be used both in the actual amblyopia therapy or therapy monitoring. In particular in this review shutter glasses, therapy monitoring and analysis using microsensors and newer video programs for amblyopia therapy are presented and critically discussed. Currently, these cannot yet replace classic amblyopia therapy. They represent interesting options that will occupy us even more in the future.

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