'technological shock' is a correct and usable phrase in written English.
It is often used to describe a sudden, unexpected change brought about by the introduction of new technology, especially when such a change has a profound impact on something. For example: "The introduction of mobile phones caused a technological shock to the telecommunications industry, resulting in the closure of many landline telephone providers."
It's clearly not a technological shock; clearly, also, nobody is confused about whether we're in a slump, as the old Lucas model required.
All this bad news in a business that is supposed to be more resistant to technological shock and structural declines in advertising than the newspaper industry".The losses in 2007-09 are a matter of record", explained the magazine's owner, Don Graham.
The president-elect also advocates for the open market as the main engine of innovation, through what he calls a "positive technological shock".
The returns to observed and unobserved skills substantially increased in the 1990s (and not in the 1980s); a fact that is consistent with a technological shock driving changes in both returns.
In particular, if the information of the distributor improves due to a technological shock on data collection and information management, it may become optimal for the distributor to introduce its own brand, rather than to distribute a manufacturer׳s brand.
It is an invaluable public service presently caught in the throes of market failure, because it happens on a scale that is too small to generate self-sustaining profits through a transitory period of technological shock.
Waves often coincide with technological shocks, the two economists note, such as electrification in the 1920s or, indeed, the internet more recently.
They turned instead to real business cycle models, which asserted that the ups and downs of the economy are caused by technological shocks magnified by rational labor supply responses.
The technological shocks that have affected manufacturing and office administration, after all, are now infiltrating education: with online courses, an expert can teach 60,000 students at a time rather than the 60 Mr. Mokyr lectured on Tuesday.
9 24 p.m. | Updated Trading on the nation's largest options exchange was delayed for several hours on Thursday because of computer problems, the latest incident to highlight the vulnerability of markets to technological shocks.
The parameters A and M in the production functions of the tradable goods can be interpreted as neutral technological shocks.
