New Product Technology, Accumulation, and Growth

New Product Technology, Accumulation, and Growth

Author: Faruk A. Khan

Publisher: World Bank Publications

Published: 2006

Total Pages: 42

ISBN-13:

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This paper asks whether new technological capacity for producing and exporting additional products provides incentives for greater capital accumulation, without being fully reflected in a higher rate of total factor productivity (TFP) growth. Using a highly disaggregated data set of each country's trade flows into the United States, the author constructs a direct and independent measure of technological improvements for each country over time based on the number of new product varieties exported to the United States. The author shows, in a panel data setting, that acquiring the technological capacity for producing new products stimulates more rapid capital accumulation in developing countries, even after holding fixed the rate of TFP growth. His findings provide evidence against the alternative view that technological improvements are essentially unimportant: a view based on the findings of Young (1995) and others that instances of spectacular economic growth have been associated with unspectacular rates of TFP growth. The author provides a model to show how an expansion in the technological capacity for producing additional products can lead to more rapid factor accumulation, without necessarily improving measured TFP. His findings suggest that while rapid accumulation of physical and human capital may have characterized the East Asian growth experience, these gains were stimulated by stellar improvements in technological capacity.


New Product Technology, Accumulation, and Growth

New Product Technology, Accumulation, and Growth

Author: Faruk A. Khan

Publisher:

Published: 2016

Total Pages: 42

ISBN-13:

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This paper asks whether new technological capacity for producing and exporting additional products provides incentives for greater capital accumulation, without being fully reflected in a higher rate of total factor productivity (TFP) growth. Using a highly disaggregated data set of each country's trade flows into the United States, the author constructs a direct and independent measure of technological improvements for each country over time based on the number of new product varieties exported to the United States. The author shows, in a panel data setting, that acquiring the technological capacity for producing new products stimulates more rapid capital accumulation in developing countries, even after holding fixed the rate of TFP growth. His findings provide evidence against the alternative view that technological improvements are essentially unimportant: a view based on the findings of Young (1995) and others that instances of spectacular economic growth have been associated with unspectacular rates of TFP growth. The author provides a model to show how an expansion in the technological capacity for producing additional products can lead to more rapid factor accumulation, without necessarily improving measured TFP. His findings suggest that while rapid accumulation of physical and human capital may have characterized the East Asian growth experience, these gains were stimulated by stellar improvements in technological capacity.


The Last Technological Innovations and Its Effects on Growth Process, Labor Market and Society

The Last Technological Innovations and Its Effects on Growth Process, Labor Market and Society

Author: Gül Ekinci

Publisher: Livre de Lyon

Published: 2020-12-17

Total Pages: 196

ISBN-13: 2382360437

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Innovation, generally based on curiosity and intuition, is defined as a discovery, invention and an R&D process that brings solutions to a social, environmental and technological problem and also that creates value and meets communal needs in product, process, market, organizational and socialfields. All over the world, investments are based on capital accumulation; the idea of having more output with less input is based on production info; and technologies, production volume, the rise of motivation are based on labor force and therefore, they are all accepted as indicators of economic growth. Capital accumulation, technological developments and increase in labor force constitute the main dynamics of growth of the global world economy. Technological progress doesn’t only provide high output and productivity but it also creates economic growth. Since growth in economic sense corresponds to the rise in tools and products that are used to meet human needs, innovations create new employment and business lines at this point. On the other hand; innovations, in social sense, fight against poverty, inequality and also exclusion being related to them. Innovations offer technological, effective, productive and sustainable solutions to these problems in social sense. While developed countries that are more advanced in technology and economic growth, constitute only one fifth of the world population, they use four of five of the world resources and therefore, the gap between developing countries and them is increasing everyday. This situation is seen as an obstacle in front of the aim of a sustainable world. Since the direction of technological innovation is determined by social and economic needs, innovation types such as radical (disruptive), incremental, contrary, operational and marketing innovations create an effect of leverage with its niche role in sustainable development. Many problems, which are untouched in economic, social and technological senses and also which are seen desperate to solve, can only be solved through paradigm-shifting and disruptive (radical) innovations that should be applied in a way that will break the existing taboos. Disruptive innovations create new business lines by bringing radical solutions for the problems that seem unsolvable and stepwise (incremental, staggered) innovations strenghten the sub-innovations in these new businesslines. At this point; opening the way for innovations, attaching importance to creative ideas to increase efficiency, evaluating the contribution of innovation and also managing the processes well are quite important in innovation management. The authors in this book consider innovations in different fields by evaluating the effects of innovations on labor market, society and economy in order to manage the process well and contribute to it


The Sources of Economic Growth

The Sources of Economic Growth

Author: Richard R. Nelson

Publisher: Harvard University Press

Published: 2000

Total Pages: 340

ISBN-13: 9780674001725

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Technological advance is the key driving force behind economic growth, argues Richard Nelson. Drawing on a deep knowledge of economic and technological history as well as the tools of economic analysis, he exposes the intimate connections among government policies, science-based universities, and the growth of technology.


Economic Growth

Economic Growth

Author: Tai-Yoo Kim

Publisher: Springer Science & Business Media

Published: 2013-11-29

Total Pages: 342

ISBN-13: 3642408265

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This book shows that the existing theories on economic growth have clear limitations in terms of how much they can effectively contribute to actual economic growth. Therefore, this book presents a more effective theory on economic growth for countries and leaders looking to promote economic growth. It is essentially centered around the theory of economic growth and theory of national development, written for agricultural developing countries pursuing industrialization and late-starting industrialized countries pursuing their own development. Nevertheless, it also makes a significant contribution to the very development of human civilization through the growth of developing countries, late-starting industrialized countries and early industrialized countries throughout the world.


Handbook of Research on Strategic Fit and Design in Business Ecosystems

Handbook of Research on Strategic Fit and Design in Business Ecosystems

Author: Hacioglu, Umit

Publisher: IGI Global

Published: 2019-08-30

Total Pages: 775

ISBN-13: 1799811271

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With advancing information technology, businesses must adapt to more efficient structures that utilize the latest in robotics and machine learning capabilities in order to create optimal human-robot cooperation. However, there are vital rising concerns regarding the possible consequences of deploying artificial intelligence, sophisticated robotic technologies, automated vehicles, self-managing supply modes, and blockchain economies on business performance and culture, including how to sustain a supportive business culture and to what extent a strategic fit between human-robot collaboration in a business ecosystem can be created. The Handbook of Research on Strategic Fit and Design in Business Ecosystems is a collection of innovative research that builds a futuristic view of evolving business ecosystems and a deeper understanding of business transformation processes in the new digital business era. Featuring research on topics such as cultural hybridization, Industry 4.0, and cybersecurity, this book is ideally designed for entrepreneurs, executives, managers, corporate strategists, economists, IT specialists, IT consultants, engineers, students, researchers, and academicians seeking to improve their understanding of future competitive business practices with the adoption of robotic and information technologies.


Accelerating Innovation

Accelerating Innovation

Author: Marvin L. Patterson

Publisher: Van Nostrand Reinhold Company

Published: 1993

Total Pages: 184

ISBN-13:

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"The time for rehashing America's lost battles on the world market has passed." "Now it's time to address a critical component of the economic battle plan: the product development process that creates the products that satisfy customer needs. How quickly these weapons of economic war are developed, how competitive they are, how timely they are deployed, and how supportable they are will determine the failure or success of American business in the 1990s." "Here is the right book at the right time...a concise blueprint to transform product development from a collection of ad hoc activities into an integrated, smoothly operating process. Written by the Director of Corporate Engineering for Hewlett-Packard, one of the most successfully innovative companies in America today, Accelerating Innovation shows how successful, well-tested concepts from the manufacturing domain can be readily transformed into the needy world of new product innovation." "Filled with clear-sighted analysis and practical explanations, this book will help management unleash innovation and creativity in development processes to meet the urgent need for bringing new technology to customers faster and more effectively than the competition." "Discover how to cope with the limited life span of today's products...anticipate changing consumer needs and desires...close the gap between new technology and products that apply it...bring leading-edge products to market fast...eliminate profit-threatening gaps between the "death" of obsolete products and the introduction of new ones...and enjoy higher returns on investment." "Accelerating Innovation provides a results-oriented model for transferring to product development the strategies that are moving manufacturers from the old era to the new one. Numerous real-life examples give you powerful insights into the time-based factoring and total quality management principles used so successfully in manufacturing and shows how to implement them in the product development cycle. Key chapters address how to shorten the innovation cycle time, applying the principle that success springs from focusing on the right issues; manage organization change so that change goes where you want it to go - and quickly, transfer quality principles used on the assembly line to the process of developing raw information and adding value to it, reduce innovation time by implementing the cost of quality principle (cost as a function of when an error is detected), manage information flow and bottlenecks, minimize changeover time; and much, much more." "Does your organization really have a handle on new product development? Are goals, objectives, processes, metrics, and controls in place? Are you equipped to create new products rationally and systematically, while continuously reducing innovation cycle times?" "Accelerating Innovation presents new thinking that will help you answer these questions with a resounding "yes." In product development, doing business the same old way is a formula for disaster. The time to act is long before the livelihood of the product development function is ever threatened. And if a company is trying to catch up, then it has to improve faster than its toughest competition if it ever expects to win." "Finally, here is a guide that can give you the critical advantage you need for success in product development - success that is no longer a luxury, but a necessity for survival."--BOOK JACKET.Title Summary field provided by Blackwell North America, Inc. All Rights Reserved


Generating Breakthrough New Product Ideas

Generating Breakthrough New Product Ideas

Author: Robert G. Cooper

Publisher: Product Development Institute

Published: 2009-04

Total Pages: 273

ISBN-13: 097328272X

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Companies are experiencing a shortage of game-changing ideas that drive growth. This is a 'how to' book about generating a steady stream of breakthrough new product ideas. Experts, Dr. Cooper and Dr. Edgett, provide an unbiased evaluation of the top 15+ ideation methods used by leading companies. This book explains how to 'feed' your innovation funnel with a steady stream of breakthrough new product ideas. Through numerous examples of the methods, approaches and techniques being used by leading companies such as Motorola and Procter and Gamble, the authors confirm the importance of a robust Discovery Stage and illustrate how to implement such a system. For more information, visit: www.stage-gate.com