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Directed technical change is to a large extent driven by changes in the supply of workforce skills. I demonstrate that directed technical change does not respond to changes in the skill saturation of the workforce in a way that fully reflects supply of the actual existing skill level. I estimate...
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The term globalisation has gained widespread popularity; yet most treatments are either descriptive and/or focused on changes in economic interconnectivity. This book brings together leading international experts from a range of disciplines to develop a long-term analysis to address the problems...
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. We propose a model, Step And Wait (SAW), for predicting the path of technological innovation and compare its performance …
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We propose a simple model where the innovation rate of a technological domain depends on the innovation rate of the … predictability of innovation rates can be boosted substantially when network effects are taken into account. In the case where a … technology's neighbourhood further innovation rates are known, the average predictability gain is 28% compared to simpler time …
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In this paper, the prognosis and analysis of the process of the replacement of new lines of innovative products must take into account the capacity of the market, the possible demand for different versions of the product, the presence in the market of competing products – analogs, the...
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