The telephone sector has been the poster-child for credit deterioration resulting from technological change.
In our preliminary study, third-grade Class A public hospitals in Beijing (2006 2009) experienced rapid growth rates in TFP, which mainly resulted from substantial technological progress, while technical efficiency represented by pure technical efficiency and scale efficiency had a slight decline or stagnation.
This joint evolution can be seen as the result of a simultaneous pull from methodological progresses in risk handling, and push from technological progress in wildfire management decision support tools, as well as more broadly in computational power.
These advances arose from technological progress but also from a close interaction between theory and experiment.
R&D and patenting activities are respectively regarded as innovative inputs to and outputs from technological progress.
And the tradeoff between job creation and job destruction from technological progress became ever narrower.
Stranded assets can also result from technological developments that quickly reduce the demand for fossil fuels.
In the words of the WEF's founder and chairman, Klaus Schwab: "The slowdown is taking place against the backdrop of rising economic inequality, owing to the declining share of national income going to labour, a worldwide phenomenon – resulting from globalisation and technological progress – that poses a serious challenge to policymakers.
Based on the model that I tried to outline in this paper, future legal policy can be shaped and rules regarding threats resulting from scientific and technological progress in the field of biomedicine, including those we are currently unable to predict, can be defined.
Then, the index of total factor productivity changes is decomposed into efficiency change and technical change, showing, respectively, whether the productivity gains come mainly from improvements in efficiency or are mainly the result of technological progress.
Output per hour worked doubled over 30 years as a result of technological progress.
