"technological frontier" is a grammatically correct and commonly used phrase in written English.
It can be used to refer to the current state or limit of technology in a particular field or industry. Example: "The company is constantly pushing the technological frontier in the automotive industry with their groundbreaking electric vehicle designs."
The advantages are as follows: investment in initial phases of development is not necessary, as the country is in its absorption phase of technologies generated in the technological frontier; it is quite possible for the country to adopt a technology after defining its development "path" (i.e. expenditure on technologies that could later be replaced by new developments can be avoided).
In a dynamic context, we would expect a difference between the observable technology of a firm and the technological frontier, a sort of "rational inefficiency".
The new state of technology is given by b t = bt−1+π), where π stands for the shift in the technological frontier (gap between the state of technology in the first period and the second period).
Moreover, we suggest the benefits from complementarity to be higher when a firm is more distant to the technological frontier in the industry and when markets for technology in that industry are shallow.
Even if not represented here, these abilities are assumed to be indexed to the state of technology, denoted by b j for j=t−1, t.4 Between t−1 and t, the technological frontier shifts.
As South Korea moves towards the technological frontier, such attitudes will have to change.
Industrial policy, they say, frequently falters when it approaches a technological frontier.
Mr Piketty writes thatthere is no historical example of a country at the world technological frontier whose growth in per capita output exceeded 1.5% over a lengthy period of timeBy the "world technological frontier", he simply means advanced nation.
The closer a country is to the technological frontier, the more growth depends on having a highly educated workforce.
But the field of small turbines that power individual buildings is still a barely explored technological frontier.
China has a few, but most sectors operate within rather than at the edge of the technological frontier.
