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The Malmquist-Luenberger productivity index can be decomposed into an index of efficiency change (MLEFFCH) and an index of technological progress (MLTECH) {mathrm{ML}}_t^{t+1}={mathrm{ML}mathrm{EFFCH}}_times1} times {mathrm{ML}mathrm{TECH}}_t^{t+1} (13).
Similar(59)
It significantly exaggerates the power of technological progress to boost well-being.
Lessons from the literature on economics of technology broke the traditional vision of technological progress, known as a "linear model".
The courts, then, have misjudged the nature of technological progress.
The march of technological progress moves in just one direction.
These new forms of automation have renewed the debate over the economic consequences of technological progress.
This kind of technological progress is beginning to suffuse every part of the modern ski trip.
In the delusions of entrepreneurs are the seeds of technological progress.
Some economists explain the gap in terms of technological progress, or a lack of it.
PREDICTING the course of technological progress can be a risky business.
Now that sort of technological progress is the basis for broad prosperity.
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