Does directed technological change get greener: Empirical evidence from Shanghai's industrial green development transformation

2016 ◽  
Vol 69 ◽  
pp. 758-770 ◽  
Author(s):  
Shuai Shao ◽  
Ranran Luan ◽  
Zhenbing Yang ◽  
Chengyu Li
Keyword(s):  
Technological Change ◽  
Empirical Evidence ◽  
Green Development ◽  
Directed Technological Change

Consumer Preference for the Latest Technological Offering

2014 ◽  
pp. 93-107
Author(s):  
Derrick S. Boone Sr.
Keyword(s):  
Technological Change ◽  
Empirical Evidence ◽  
Consumer Preference ◽  
Future Generation ◽  
Technological Advance ◽  
Relative Advantage ◽  
High Tech ◽  
Purchase Decisions ◽  
Expectation Formation ◽  
Price Decline

Prior research has shown that when making high tech purchase decisions, consumers consider not only the relative advantage afforded by currently available products, but also the relative advantage expected from future generation products. Additionally, empirical evidence suggests that prices for high tech products often decline faster than the technology advances. This chapter takes both these findings into account and investigates the antecedents of expectation formation and how consumer purchase decisions for high- and low-tech products are impacted by asymmetrical rates of technological advance and price decline. Although consumers generally prefer the latest technological generation of a product, level of technological sophistication (high- vs. low-tech), rate of technological change and price decline, and expectations regarding future product introductions, based on familiarity with past product introductions, were found to moderate the effect of technological generation on preference.

scholarly journals DIRECTED TECHNOLOGICAL CHANGE: A KNOWLEDGE-BASED MODEL

2013 ◽  
Vol 19 (1) ◽  
pp. 116-143 ◽  
Author(s):  
Tailong Li ◽  
Shiyuan Pan ◽  
Heng-fu Zou
Keyword(s):  
Technological Change ◽  
Wage Inequality ◽  
Scale Effects ◽  
Developed Countries ◽  
Skilled Workers ◽  
Developed Country ◽  
Knowledge Based ◽  
Biased Technological Change ◽  
Unskilled Workers ◽  
Directed Technological Change

In a knowledge-based growth model where skilled workers are used in innovation and production, skill-biased technological change may lower average R&D productivity via an innovation possibilities frontier effect that eliminates scale effects. We show that skill-biased technological change increases the skill premium even if the elasticity of substitution between skilled and unskilled workers is less than two. Trade between developed countries promotes skill-biased technological change, thus raising wage inequality. Trade between developed and developing countries has differing effects: it induces relatively skill-replacing technological change and lowers wage inequality in the developed country but has the opposite effects in the developing country. Finally, we show that trade can stimulate or hurt economic growth.

On the Squeezing of the Middle Class: Overview and Prospects for the EU-15

2020 ◽  
Vol 28 (2) ◽  
pp. 325-342
Author(s):  
Olga Salido ◽  
Julio Carabaña
Keyword(s):  
Income Inequality ◽  
Middle Class ◽  
Technological Change ◽  
Empirical Evidence ◽  
Member States ◽  
Middle Classes ◽  
Income Share ◽  
Empirical Results ◽  
The Past ◽  
The Eu

This article was inspired by Atkinson and Brandolini’s work on the economic middle classes and deals with the evolution of the income share of the middle class compared with that of the extreme classes in the EU-15 (the EU’s first 15 member states) over the last two decades. Our research draws on the paradox of the EU officially assuming dominant ideas about rising inequalities and the squeezing of middle-class income produced by globalization and technological change while at the same time producing and disseminating empirical evidence contrary to this view. We first synthesize this evidence, also contributing some additional analyses of Eurostat data, confirming that the income share of the middle class has not changed in the past two decades, as could be expected from the invariance in income inequality. We finally put forward some considerations about the theoretical implications of these empirical results and the interaction between ideas and empirical evidence in political societies and organizations.

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