Technological Change Process
(Redirected from technological change)
- AKA: Technical Innovation.
- It can (typically) be an Incremental Change.
- It can range from being a Significant Technical Change to being a Small Technical Change.
- It can range from being a Technological Progress to Technological Regress.
- It can range from being a Capital-Augmenting Technology to being a Neutral Economic Augmenting Technology to being a Labor-Augmenting Technology.
- See: Moore's Law, Technological Unemployment, Technological Era.
- (Wikipedia, 2013) ⇒ http://en.wikipedia.org/wiki/Technological_change#change Retrieved:2013-11-30.
- Technological change (TC) is a term that is used to describe the overall process of invention, innovation and diffusion of technology or processes.   The term is synonymous with technological development, technological achievement, and technological progress. In essence TC is the invention of a technology (or a process), the continuous process of improving a technology (in which it often becomes cheaper) and its diffusion throughout industry or society. In short, technological change is based on both better and more technology.
- Derived from Jaffe et al. (2002) Environmental Policy and technological Change and Schumpeter (1942) Capitalism, Socialisme and Democracy by Joost.vp on 26 August 2008
- From The New Palgrave Dictionary of Economics, 2nd ed. (2008) with abstract link:
â¢ "technical change" by S. Metcalfe.
â¢ "biased and unbiased technological change" by Peter L. Rousseau.
â¢ "skill-biased technical change" by Giovanni L. Violante.
- (Acemoglu & Autor, 2010) ⇒ Daron Acemoglu, and David Autor. (2010). "Skills, Tasks and Technologies: Implications for Employment and Earnings." In: The National Bureau of Economic Research (NBER 2010).
- QUOTE: ... the interactions among worker skills, job tasks, evolving technologies, and shifting trading opportunities. We propose a tractable task-based model in which the assignment of skills to tasks is endogenous and technical change may involve the substitution of machines for certain tasks previously performed by labor. We further consider how the evolution of technology in this task-based setting may be endogenized. We show how such a framework can be used to interpret several central recent trends, and we also suggest further directions for empirical exploration.
- (Levy et al., 2003) ⇒ David H. Autor, Frank Levy, and Richard J Murnane. (2003). “The Skill Content of Recent Technological Change: An Empirical Exploration.” In: The Quarterly Journal of Economics. doi:10.1162/003355303322552801
- (Acemoglu, 2002) ⇒ Daron Acemoglu. (2002). “Directed technical change." The Review of Economic Studies 69(4).
- (Tornatzky et al., 1990) ⇒ Louis G. Tornatzky, Mitchell Fleischer, and Alok K. Chakrabarti. (1990). “The processes of technological innovation.” In: Vol. 273. Lexington, MA: Lexington Books