scholarly journals Equilibrium Technology Diffusion, Trade, and Growth

2021 ◽  
Vol 111 (1) ◽  
pp. 73-128
Author(s):  
Jesse Perla ◽  
Christopher Tonetti ◽  
Michael E. Waugh
Keyword(s):  
Economic Growth ◽  
Technology Adoption ◽  
New Technologies ◽  
Heterogeneous Firms ◽  
Foreign Competition ◽  
Welfare Gains ◽  
Profit Distribution ◽  
The Mean ◽  
Welfare Gains From Trade ◽  
Trade And Growth

We study how opening to trade affects economic growth in a model where heterogeneous firms can adopt new technologies already in use by other firms in their home country. We characterize the growth rate using a summary statistic of the profit distribution: the mean-min ratio. Opening to trade increases the profit spread through increased export opportunities and foreign competition, induces more rapid technology adoption, and generates faster growth. Quantitatively, these forces produce large welfare gains from trade by increasing an inefficiently low rate of technology adoption and economic growth. (JEL D21, D24, F14, F43, O33)

Emerging Industrial Revolution: Symbiosis of Industry 4.0 and Circular Economy: The Role of Universities

2020 ◽  
Vol 25 (3) ◽  
pp. 505-525 ◽  
Author(s):  
Seeram Ramakrishna ◽  
Alfred Ngowi ◽  
Henk De Jager ◽  
Bankole O. Awuzie
Keyword(s):  
Economic Growth ◽  
Circular Economy ◽  
Industry 4.0 ◽  
Business Models ◽  
Industrial Revolution ◽  
New Technologies ◽  
Production Systems ◽  
Fourth Industrial Revolution ◽  
New Jobs

Growing consumerism and population worldwide raises concerns about society’s sustainability aspirations. This has led to calls for concerted efforts to shift from the linear economy to a circular economy (CE), which are gaining momentum globally. CE approaches lead to a zero-waste scenario of economic growth and sustainable development. These approaches are based on semi-scientific and empirical concepts with technologies enabling 3Rs (reduce, reuse, recycle) and 6Rs (reuse, recycle, redesign, remanufacture, reduce, recover). Studies estimate that the transition to a CE would save the world in excess of a trillion dollars annually while creating new jobs, business opportunities and economic growth. The emerging industrial revolution will enhance the symbiotic pursuit of new technologies and CE to transform extant production systems and business models for sustainability. This article examines the trends, availability and readiness of fourth industrial revolution (4IR or industry 4.0) technologies (for example, Internet of Things [IoT], artificial intelligence [AI] and nanotechnology) to support and promote CE transitions within the higher education institutional context. Furthermore, it elucidates the role of universities as living laboratories for experimenting the utility of industry 4.0 technologies in driving the shift towards CE futures. The article concludes that universities should play a pivotal role in engendering CE transitions.

Technological Change and the International System

2021 ◽  
Vol 73 (3) ◽  
pp. 545-589 ◽  
Author(s):  
Helen V. Milner ◽  
Sondre Ulvund Solstad
Keyword(s):  
Technology Adoption ◽  
Technological Change ◽  
Technology Use ◽  
New Technologies ◽  
Causal Effect ◽  
International System ◽  
New Technology ◽  
World Politics ◽  
Adoption Of Technology ◽  
Adoption Of New Technology

ABSTRACTDo world politics affect the adoption of new technology? States overwhelmingly rely on technology invented abroad, and their differential intensity of technology use accounts for many of their differences in economic development. Much of the literature on technology adoption focuses on domestic conditions. The authors argue instead that the structure of the international system is critical because it affects the level of competition among states, which in turn affects leaders’ willingness to enact policies that speed technology adoption. Countries adopt new technology as they seek to avoid being vulnerable to attack or coercion by other countries. By systematically examining states’ adoption of technology over the past two hundred years, the authors find that countries adopt new technologies faster when the international system is less concentrated, that changes in systemic concentration have a temporally causal effect on technology adoption, and that government policies to promote technology adoption are related to concerns about rising international competition. A competitive international system is an important incentive for technological change and may underlie global technology waves.

scholarly journals Technology Adoption and Consumer Payments: Evidence from Survey Data

2003 ◽  
Vol 2 (2) ◽  
Author(s):  
Fumiko Hayashi ◽  
Elizabeth Klee
Keyword(s):  
Technology Adoption ◽  
Survey Data ◽  
New Technologies ◽  
New Technology ◽  
The Internet ◽  
Electronic Payment ◽  
Point Of Sale ◽  
Goods And Services ◽  
Transaction Value ◽  
Debit Cards

Consumers pay for hundreds of goods and services each year, but across households and across goods, consumers do not choose to pay the same way. This paper posits that payment choices depend in part on consumers' propensity to adopt new technologies and in part on the nature of the transaction. To test this hypothesis, this paper analyzes consumer's payment instrument use at the point of sale and for bill payment. The sample includes consumers surveyed in 2001, who are primarily users of the Internet. The results indicate that consumers who use new technology or computers are more likely to use electronic forms of payment, such as debit cards and electronic bill payments. Particularly, the use of direct deposit is a significant predictor of electronic payment use. Furthermore, the results indicate that payment choice depends on the characteristics of the transaction, such as the transaction value, the physical characteristics of the point of sale, and a bill's frequency and value variability.

Developing an economy based on knowledge and innovation in the context of the middle income trap

2015 ◽  
Vol 60 (10) ◽  
pp. 56-74
Author(s):  
Paweł Wieczorek
Keyword(s):  
Economic Growth ◽  
New Technologies ◽  
Current Model ◽  
Growth Theory ◽  
Labor Costs ◽  
Average Income ◽  
Middle Income ◽  
Endogenous Growth Theory ◽  
Middle Income Trap

The article is a contribution to the discussion on the necessity to change the current model of economic growth of Poland for model of economy based on knowledge and innovation. In this way, our country will be able to overcome the threats that might push the economy into the trap of the average income, expressed in long-term slowdown in GDP growth. The endogenous growth theory, formed after 1989 and characterized by duplication of Western technology, enabled relatively rapid growth by over 20 years. Currently, Poland to ensure an economic growth is facing the need for innovative technologies and innovation. Risks associated with middle income trap are very real because of the disappearance of comparative advantage, which results from relatively low labor costs. The creation in Poland conditions to accelerate economic growth requires action to increase the propensity of entrepreneurs to reach for new technologies and innovation and attractive market offer from the national centers for research and development.

THE ROLE OF EDUCATED LEADERS IN ECONOMIC GROWTH AND DEVELOPMENT: EVIDENCE FROM CENTRAL AFRICAN REPUBLIC AND SINGAPORE

2018 ◽  
Vol 65 (01) ◽  
pp. 81-102
Author(s):  
OLUWOLE OWOYE ◽  
OLUGBENGA A. ONAFOWORA
Keyword(s):  
Economic Growth ◽  
Growth And Development ◽  
Central African Republic ◽  
Economic Growth And Development ◽  
Highly Educated ◽  
Educational Attainments ◽  
Fundamental Causes ◽  
The Mean ◽  
Neoclassical Growth

This paper postulates that highly educated leaders matter in economic growth and development and that this is one of the fundamental causes of the differences in income between countries. To verify this assertion, we examine Central African Republic and Singapore within the neoclassical growth model that incorporates educational attainments of leaders as the functionally relevant explanatory variable. We found the mean years of schooling of educated leaders to be statistically and significantly different in both countries, but more importantly, educational attainments of leaders have a positive and statistically significant effect on economic growth in Singapore, but negative in Central African Republic.

scholarly journals A Comparative Study between Pre-construction and Construction Phases of Champhai-Zokhawthar Road Construction, Mizoram: Air Quality and Noise Quality Assessments

2019 ◽  
Vol 7 (1) ◽  
pp. 47-53
Author(s):  
Lalven tluanga ◽  
◽  
H. Lalramnghinglova
Keyword(s):  
Economic Growth ◽  
Particulate Matter ◽  
Air Quality ◽  
Comparative Study ◽  
Noise Level ◽  
Road Construction ◽  
Suspended Particulate ◽  
The Mean ◽  
Negative Impacts

In recent years, Mizoram has made immense progress in various sectors and initiated developmental programmes for its economic growth. An important contributing factor to this development and growth is the transport connectivity projects. Although connectivity projects can boost economic growth, its negative effects cannot be neglected. In view of this, the present research studies the impacts of Champhai – Zokhawthar road construction on the air quality and noise quality of the region. This comparative study of the impact on the quality of air and noise pollution in the pre-construction phase and construction phase provide a clear-cut example of the negative impacts caused by road construction and provide a fresh outlook for formulation of improved management plans. Air quality assessment was carried out using High Volume Air Sampler and the following parameters were monitored – suspended particulate matter (SPM), respirable suspended particulate matter (RSPM), nitrogen dioxide (NO2) and sulphur dioxide (SO2). The results indicate that mean SPM concentration was increased by 22.82 µg/m3; RSPM concentration by 14.67 µg/m3; NO2 concentration by 4.08 µg/m3; and SO2 concentration was increased by 0.06 µg/m3 from the pre-construction phase to construction phase. Noise quality assessment was carried out at three sites – Zotlang, Melbuk and Zokhawthar by using Lutron SL-4001 Sound Level Meter and Leq, Lmax and Lmin were recorded and calculated. The mean noise level at Zotlang wasincreased by 8.72 dB (A) and at Melbuk the mean noise level was increased by 9.35 dB (A). However, at Zokhawthar, there was a decrease in mean noise level by 0.13 dB (A). From the present study, it is evident that road construction poses a threat to the air quality and noise quality of the study area and improved measuresneed to betaken to curb its negative impacts

scholarly journals Analisis Pengaruh Pengeluaran Pemerintah Terhadap Pertumbuhan Ekonomi dan Indeks Pembangunan Manusia di Indonesia

2016 ◽  
Vol 1 (1) ◽  
pp. 39-50
Author(s):  
Ginanjar Aji Nugroho
Keyword(s):  
Economic Growth ◽  
Human Development ◽  
Human Development Index ◽  
Random Sampling ◽  
Simple Random Sampling ◽  
Government Expenditures ◽  
Analysis Method ◽  
Statistical Average ◽  
Development Index ◽  
The Mean

The puposes of this study are (1) to analyze the effects of government expenditures on education, health and infrastructure sectors toward economic growth and human development index in Indonesia, (2) to investigate the impacts of economic growth on human dvelopment index, (3) and to examine the effects of government expenditures on education, health and infrastructure sectors toward human development index both directly and through the economic growth. The study used samples from twenty provinces, which were selected using simple random sampling, divided into two groups; the first group comprised higher HDI provinces; the second group consisted of lower HDI provinces. To examine the model, the study applied path analysis method. The mean test was also applied to determine whether there were statistical average differences between the two groups. The results of this study show different responds between the higher HDI provinces and lower HDI provinces. The higher HDI provinces show that government expenditures on health and infrastructure have positive and significant impacts on human development index through economic growth indirectly; on the other hand, the lower HDI provinces show that only expenditure on education gives positive and significant impacts on human development index. Meanwhile, the economic growth shows positive and significant impacts on human development index in both higher HDI and lower HDI provinces.  Abstrak Penelitian ini bertujuan untuk: (1).Mengetahui pengaruh pengeluaran pemerintah pada sektor pendidikan, kesehatan dan infrastruktur terhadap pertumbuhan ekonomi dan indeks pembangunan manusia (IPM) di Indonesia, (2).Mengetahui pengaruh pertumbuhan ekonomi terhadap IPM, dan (3).Mengetahui pengaruh pengeluaran pemerintah pada sektor pendidikan, kesehatan dan infrastruktur terhadap IPM, baik secara langsung maupun melalui pertumbuhan ekonomi. Penelitian ini menggunakan sampel dua puluh provinsi yang dipilih dengan teknik simple random sampling yang kemudian dibagi kedalam dua kelompok, yaitu kelompok daerah dengan angka IPM tinggi dan kelompok daerah dengan angka IPM rendah. Metode yang digunakan dalam penelitian ini adalah analisis jalur. Sebagai pendukung, juga dilakukan uji beda rata-rata untuk mengetahui ada tidaknya perbedaan rata-rata secara statistik terhadap dua kelompok tersebut. Hasil estimasi menunjukkan bahwa terdapat perbedaan respon diantara dua kelompok daerah tersebut. Pada kelompok daerah dengan angka IPM tinggi, terlihat bahwa pengeluaran kesehatan dan infrastruktur mempunyai pengaruh positif dan signifikan terhadap IPM melalui pertumbuhan ekonomi, sedangkan pada kelompok daerah dengan angka IPM rendah terlihat bahwa hanya pengeluaran pendidikan yang mempunyai pengaruh positif dan signifikan terhadap angka IPM. Adapun pertumbuhan ekonomi, terlihat menunjukkan pengaruh yang positif dan signifikan terhadap IPM. Hal ini terjadi pada kedua kelompok daerah, baik kelompok daerah dengan IPM tinggi maupun IPM rendah.

scholarly journals Ways of intensification of economic growth and activation of investment activities in order to ensure the economic security of the Russian Federation

2021 ◽  
Vol 284 ◽  
pp. 07015
Author(s):  
Lyudmila Kopteva ◽  
Irina Romanova ◽  
Angela Mottaeva
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Russian Federation ◽  
National Economy ◽  
New Technologies ◽  
Economic Security ◽  
National Accounts ◽  
Investment Activity ◽  
System Of National Accounts ◽  
The Russian Federation

Macroeconomic dynamics is in the focus of attention of the scientific community due to the fact that it characterizes the key trends in the development of the national economy. The basic indicator in the system of national accounts is the gross domestic product (GDP), which in general form is the aggregate value of all goods and services produced within the national economy. GDP is widely used in the analysis of economic growth trends. Economic growth, creating conditions for it – the most important goal of economic development, both within the framework of ensuring the economic security of the entire national economy and at the level of an individual enterprise. Nowadays, economic development is characterized by an accelerated rate of scientific and technological progress: new technologies and approaches are being created that have higher efficiency. From a microeconomic point of view, the main factors of production are labor, capital and information. Fixed capital investments (buildings, structures, machinery and equipment) are a key instrument for renewing fixed assets. Investment activity is the process of renewing the capital of an enterprise as a result of modernizing its technical and technological base, which ensures its economic security. Investments, along with government spending, are key drivers of economic growth. As a result, we can confidently assert the high importance of investment activities, both throughout the country and at the level of individual economic entities, as well as their economic independence. The paper shows the ways to intensify economic growth and intensify investment activities in order to ensure the economic security of the Russian Federation.

scholarly journals Willingness to pay for improvements in rural sanitation: Evidence from a cross-sectional survey of three rural counties in Kenya

PLoS ONE ◽  
2021 ◽  
Vol 16 (5) ◽  
pp. e0248223
Author(s):  
Diana Mutuku Mulatya ◽  
Vincent Were ◽  
Joseph Olewe ◽  
Japheth Mbuvi
Keyword(s):  
Willingness To Pay ◽  
New Technologies ◽  
Contingent Valuation Method ◽  
Evaluation Research ◽  
Total Sample ◽  
Cross Sectional Survey ◽  
Cross Sectional ◽  
Poor Households ◽  
Life Years ◽  
The Mean

Poor sanitation worldwide leads to an annual loss of approximately $222.9 billion and is the second leading cause of Disability-Adjusted Life Years (DALY’s) lost due to diarrhoea. Yet in Kenya, the slow rate and levels at which the household’s access improved sanitation facilities remain a concern, and it is unknown if the cost of new technologies is a barrier to access. This study assessed the maximum willingness to pay (WTP) for SAFI and SATO sanitation products and identified those factors that affect the willingness to pay (WTP) valuation estimates by households in three counties in Kenya. It used quantitative economic evaluation research integrated within a cross-sectional survey. Contingent valuation method (CVM) was used to determine the maximum WTP for sanitation in households. We used the logistic regression model in data analysis. A total of 211 households were interviewed in each county, giving a total sample size of 633 households. The mean WTP for SAFI latrines was $153.39 per household, while the mean WTP for SATO pans and SATO stools was $11.49 and $14.77 respectively. For SAFI latrines, households in Kakamega were willing to pay $6.6 more than average while in Siaya, the households were willing to pay $5.1 less than the average. The main determinants of households WTP for the two sanitation products included household’s proximity to the toilet (p = 0.0001), household income (β = .2245741, p = 0.004), sanitation product (β = -2968.091; p = 0.004), socioeconomic status (β = -3305.728, p = 0.004) and a household’s satisfaction level with the current toilet (β = -4570.602; p = 0.0001). Increased proximity of households to the toilet, higher incomes, and providing loan facilities or subsidy to poor households could increase the demand for these sanitation technologies.

Sign in / Sign up

Export Citation Format

Share Document