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Discusses how to build an operational concept of technology and how to define technology independently of knowledge and of capital, showing how to assess the technology contribution to value added and the technology dependence of firms, sectors and economies
Includes a new economic growth model, which depends linearly on the use values of technology, knowledge and capital and a proposal for a new taxonomy in what concerns technology dependence of firms and sectors
Clarifies the conceptual differences between technology, knowledge and capital to construct a better benchmark criterion, between firms or sectors, in what concerns technology dependence
There is a wide consensus that introduction of technology to the production process contributes to an overall economic value, however, confusion between technology, knowledge and capital often makes value calculations ambiguous and non-objective. The Contribution of Technology to Added Value addresses not only this issue of definition but also provides a production model to assess the value contribution of technology within the production process.
A clarification of fundamental semantics provides a significant taxonomy for technology dependence, and allows understanding and modeling of how knowledge, technology and capital individually contribute to production and to value adding. A new technology dependence taxonomy is proposed and assessed following chapters explaining growth models, the KTC model and technology index values.
Balancing theoretical knowledge with real-world data and applications The Contribution of Technology to Added Value clarifies the issue of value adding for a range of different viewpoints and purposes; from academic to industry and service across engineering, economics and management.
Content Level »Research
Keywords »Technology Dependence - Technology Index - Technology Valuation - Technology, Knowledge and Capital - Value Added