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What is Technology? — Economy
https://www.ecnmy.org/learn/your-future/technology-innovation/what-is-technology/
WEBTechnology, for economists, is anything that helps us produce things faster, better or cheaper. When you think of technology there’s a good chance you think of physical things like big machines or fast computers. But when economists talk about technology, they’re thinking more broadly about new ways of doing things.
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The Role of Technology in Economics - Economist Zone
https://economistzone.com/insight/the-role-of-technology-in-economics/
WEBAug 15, 2023 · Updated: January 08, 2024 Published: August 15, 2023. Welcome to a deep dive into the intricate relationship between technology and economics. This exploration aims to shed light on how technology has not only transformed our daily lives but also the economic landscape.
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Technology and the Global Economy | NBER - National Bureau of Economic
https://www.nber.org/papers/w32062
WEBTechnology and the Global Economy. Jonathan Eaton & Samuel S. Kortum. Working Paper 32062. DOI 10.3386/w32062. Issue Date January 2024. Interpreting individual heterogeneity in terms of probability theory has proved powerful in connecting behaviour at the individual and aggregate levels.
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Technology and economic theory - Oxford Academic
https://academic.oup.com/cje/article/34/1/153/1704617
WEBDec 22, 2009 · Abstract. Technology and technological change play a central role in economics, whether in the theory of resource allocation or in the theory of growth and development. Yet the nature of technology is largely ignored in economic theory, it being considered sufficient to treat technology as a constraint on productive opportunities.
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14.461: Technological Change, Lecture 1 - Massachusetts …
https://economics.mit.edu/sites/default/files/inline-files/Lecture%201%20-%20Technological%20Change.pdf
WEBIntroduction. The key to understanding technology is that R&D and technology adoption are purposeful activities, so improvements in technology often result from endogenous innovation. This lecture will review the two most popular macroeconomic models of technological change:
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14.5: Capital, Productivity, and Technology - Social Sci LibreTexts
https://socialsci.libretexts.org/Bookshelves/Economics/Economics_(Boundless)/14%3A_Inputs_to_Production%3A_Labor_Natural_Resources_and_Technology/14.5%3A_Capital_Productivity_and_Technology
WEBJul 17, 2023 · Capital and Technology. Firms add capital to the point where the value of marginal product of capital is equal to the rental rate of capital. learning objectives. Analyze how firms determine the amount of capital to use in production. Capital is a factor of production, along with labor and land.
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Technology and Economic Behavior: a Theoretical Framework
https://onlinelibrary.wiley.com/doi/epdf/10.1002/hbe2.211
WEBThis paper offers a theoretical framework for analyzing the relation-ship between technology and economic behavior. We look at how technology has made positive impact on almost all aspects of eco-nomic activities, from production, transportation, information trans-mission, to finance, retail, trade, and supply chains.
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Technology - Econlib
https://www.econlib.org/library/Topics/HighSchool/Technology.html
WEBTechnology: 1. the branch of knowledge that deals with the creation and use of technical means and their interrelation with life, society, and the environment, drawing upon such subjects as industrial arts, engineering, applied science, and pure science. 2. the terminology of an art, science, etc.; technical nomenclature.
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Introduction to "Technology, Productivity, and Economic Growth"
https://www.nber.org/books-and-chapters/technology-productivity-and-economic-growth/introduction-technology-productivity-and-economic-growth
WEBIntroduction to "Technology, Productivity, and Economic Growth". Susanto Basu, Lucy Eldridge, John Haltiwanger & Erich Strassner. This is a preliminary draft and may not have been subjected to the formal review process of the NBER. This page will be updated as the chapter is revised. CONFERENCE HELD March 17-18, 2022.
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Technology and economic behavior: A theoretical framework
https://onlinelibrary.wiley.com/doi/full/10.1002/hbe2.211
WEBAug 26, 2020 · To understand how technology impacts economic activities at individual and firm level, we must dive deeper into the economic decision-making processes of these economic actors. The primary focus is on how technology creates …
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