Technological Change (technological + change)

Distribution by Scientific Domains
Distribution within Business, Economics, Finance and Accounting


Selected Abstracts


On Population Growth and Technological Change: Selectivity Bias in Historical Analysis

JOURNAL OF AGRICULTURAL ECONOMICS, Issue 3 2000
Jean-Paul Chavas
This paper investigates the relationship between population growth and technological change. After an historical overview of the evolution of world population, alternative models of population growth are examined. They include a Malthusian model, a model of endogenous technological change, and a model of population growth that allows for switching regimes between Malthusian resource limitation and endogenous technological change. The regime-switching model stresses the potential for a biased interpretation of historical data. While there is strong empirical evidence supporting endogenous technical change, it is argued that the Malthusian scenario should not be overlooked even if the odds of facing it are low. [source]


Technological Change and Transition: Relative Contributions to Worldwide Growth During the 1990s,

OXFORD BULLETIN OF ECONOMICS & STATISTICS, Issue 4 2008
Oleg Badunenko
Abstract In this paper we use the Kumar and Russell [American Economic Review (2002) Vol. 92, pp. 527,548] growth-accounting procedure to examine cross-country growth during the 1990s. Using a data set comprising developed, newly industrialized, developing and transitional economies, we decompose the growth of output per worker into components attributable to technological catch-up, technological change and capital accumulation. In contrast to the study by Kumar and Russell, which concludes that capital deepening is the major force of growth and change in the world income per worker distribution over the 1965,90 period, our analysis shows that, during the 1990s, the major force in the further divergence of the rich and the poor is due to technological change, whereas capital accumulation plays a lesser and opposite role. Finally, although on average we find that transitional economies perform similar to the rest of the world, the procedure is able to discover some interesting patterns within the set of transitional countries. [source]


Technical Efficiency, Technological Change and Output Growth of Wheat Farms in Saskatchewan

CANADIAN JOURNAL OF AGRICULTURAL ECONOMICS, Issue 2 2001
Konstantinos Giannakas
This paper utilizes recent advances in stochastic decomposition methodology to examine the level and the driving forces of technical efficiency for an unbalanced panel data set of 100 wheat farms in Saskatchewan during the period 1987,95. The contributions of resource use and total factor productivity to the output growth of these farms are also investigated. The analysis indicates moderate levels of technical efficiency and a considerable variation of efficiency ratings among Saskatchewan farms. The ownership status, composition of labor employed, participation in crop insurance and government income transfer programs, participation in Top Management Workshops, degree of specialization, level of intensification and mechanization of production, type of land used, and the farm debts account for differences in efficiency across wheat farms. Even though the productive efficiency of the farms has been increasing over time, the results show that technological progress was the main source of productivity and output growth during the study period. L'analyse que voici fait appel aux plus récentes améliorations apportées à la méthode de décomposition stochastique pour déterminer le degré d'efficacité technique et les motivations d'ungroupe non pondéré de 100 producteurs de blé de la Saskatchewan entre 1987 et 1995. Les auteurs ont aussi déterminé dans quelle mesure l'exploitation des ressources et la productivité totale des facteurs affectent la croissance de la production dans les exploitations concernées. L'analyse révéle un degré moyen d'efficacité technique et une variation considérable du rendement chez les agriculteurs de la Saskatchewan. La variation du rendement s'explique par divers facteurs comme le type de propriété, la composition de la main-d',uvre, l'inscription aux programmes gouvernementaux d'assurance récolte et de transfert du revenu, la participation à des ateliers de gestion, le degré de spécialisation, le niveau d'industrialisation et de mécanisation de la production, le genre de terres cultivées et la dette de l'exploitant. Même si la productivité des fermes a augmenté au fil des ans, les résultats indiquent que le progrés de la technologie demeure la principale source d'une croissance du rendement et de la production durant la période à l'étude. [source]


Skill Premium, Biased Technological Change and Income Differences

CHINA AND WORLD ECONOMY, Issue 6 2009
Wei Zou
D24; D33; O14 Abstract Using 1987,2006 panel data for China, we explore the dynamics of the skill premium. The present paper focuses on the skill premium as an explanation for why income differences are so large in China. Our empirics show that: the rise in the relative supply of skilled labor results in an increase, instead of a decrease, in the skill premium; domestic investment is not complementary with skill formation; the skillpremium is higher in more developed provinces; economic openness facilitates an increase in the skill premium; whether foreign direct investment induces skill-based technology change or not, it drives up the skillpremium. An array of policy prescriptions for reducing income differences and ensuring sustained economic growth are provided. [source]


Technological and organizational changes as determinants of the skill bias: evidence from the Italian machinery industry

MANAGERIAL AND DECISION ECONOMICS, Issue 1 2006
Mariacristina Piva
Recent empirical literature has introduced the ,Skill Biased Organizational Change' (SBOC) hypothesis, according to which organizational change can be considered as one of the main causes of the skill bias (increase in the number of highly skilled workers) exhibited by manufacturing employment in developed countries. This paper focuses on the importance of the SBOC with respect to the more traditional ,Skill Biased Technological Change' in driving the skill composition of workers in the Italian machinery sector. A dynamic panel data analysis is proposed which uses a unique firm-level dataset. The results show that both skilled and unskilled workers are negatively affected by technological change, while organizational change,which in turn may be linked to new technologies,is positively linked to skilled workers. Copyright © 2005 John Wiley & Sons, Ltd. [source]


Mechanical innovation in the industrial revolution: the case of plough design

ECONOMIC HISTORY REVIEW, Issue 3 2003
Liam Brunt
Variations in levels of embodied technology generated variations in English plough prices in 1770. Using plough prices as a quality index, this article explains size and daily output of plough teams. It shows that variations in plough technology were due to technological change,not static optimization,and village plough technology was influenced by neighbouring villages. But technological advance was not constrained on the demand size: farmers purchased the best ploughs available. Rather, local supply of technology was the limiting factor. Technological change, urbanization, and information networks are rejected as explanations of local supply of technology. The key factor was market density. [source]


Economic determinants of biodiversity change over a 400-year period in the Scottish uplands

JOURNAL OF APPLIED ECOLOGY, Issue 6 2008
Nick Hanley
Summary 1Economic forces are recognized as an important driving factor behind current biodiversity losses. This study investigates whether such factors have been important in determining one measure of biodiversity change over the ,long run', in our case, 400 years , for upland sites in Scotland. 2A combination of palaeoecological, historical and economic methods is used to construct and then analyse a database of factors contributing to changes in plant diversity over time for 11 upland sites. 3Using an instrumental variables panel model, we find livestock prices, our proxy for grazing pressure, to be a statistically significant determinant of diversity change, with higher grazing pressures resulting in lower diversity values on average, although site abandonment is also found to result in a fall in plant diversity. Technological change, such as the introduction of new animal breeds, was not found to be a statistically significant determinant. 4Using later period data (post 1860) on livestock numbers at the parish (local) level, we were able to confirm the main result noted above (3) in terms of the effects of higher grazing pressures on plant diversity. 5Synthesis and applications. This study shows how data from very different disciplines can be combined to address questions relevant to contemporary conservation and understanding. This novel, interdisciplinary approach provides new insights into the role of economic factors as a driver of biodiversity loss in the uplands. Biodiversity levels have varied considerably over 400 years, partly as a function of land management, suggesting that establishing baselines or ,natural' target levels for biodiversity is likely to be problematic. Changes in livestock grazing pressures brought about by changes in prices had statistically significant effects on estimated plant diversity, as did land abandonment. This suggests that long-term management of upland areas for the conservation of diversity should focus on grazing pressures as a key policy attribute. Another policy implication is that drastic cuts in grazing pressures , such as might occur under current reforms of the Common Agricultural Policy , can have adverse biodiversity consequences. [source]


Technological change, globalization, and the community college

NEW DIRECTIONS FOR COMMUNITY COLLEGES, Issue 146 2009
Richard M. Romano
Globalization and technological change will continue to eliminate some jobs and create others, generating a need for skilled, flexible workers with a global perspective. [source]


Analysing the factors influencing clean technology adoption: a study of the Spanish pulp and paper industry

BUSINESS STRATEGY AND THE ENVIRONMENT, Issue 1 2005
Pablo del Río González
Technological change has a relevant role to play in the transition towards a sustainable industry. However, slow diffusion of clean technologies can be observed in OECD countries. The analysis of the determinants and barriers to clean technology adoption should be a main goal of economists and social scientists. This paper shows that three sets of interrelated factors prevent but also stimulate the widespread adoption and diffusion of clean technology: these are factors external and internal to the firm, conditions of the potential adopters and characteristics of the environmental technology. These factors are included in the so-called ,triangular model', which is further applied to the analysis of clean technology adoption in the pulp and paper industry in Spain. The empirical study shows that clean technology adoption decisions are the result of an interaction between these factors, often involving contradictory signals for the potential adopter. The paper closes with some public policy recommendations for the effective and efficient promotion of clean technology diffusion. Copyright © 2005 John Wiley & Sons, Ltd and ERP Environment. [source]


IS CORPORATE R&D INVESTMENT IN HIGH-TECH SECTORS MORE EFFECTIVE?

CONTEMPORARY ECONOMIC POLICY, Issue 3 2010
RAQUEL ORTEGA-ARGILÉS
This paper discusses the link between R&D and productivity across the European industrial and service sectors. The empirical analysis is based on both the European sectoral OECD data and on a unique micro-longitudinal database consisting of 532 top European R&D investors. The main conclusions are as follows. First, the R&D stock has a significant positive impact on labor productivity; this general result is largely consistent with previous literature in terms of the sign, the significance, and the magnitude of the estimated coefficients. More interestingly, both at sectoral and firm levels the R&D coefficient increases monotonically (both in significance and magnitude) when we move from the low-tech to the medium- and high-tech sectors. This outcome means that corporate R&D investment is more effective in the high-tech sectors and this may need to be taken into account when designing policy instruments (subsidies, fiscal incentives, etc.) in support of private R&D. However, R&D investment is not the sole source of productivity gains; technological change embodied in gross investment is of comparable importance on aggregate and is the main determinant of productivity increase in the low-tech sectors. Hence, an economic policy aiming to increase productivity in the low-tech sectors should support overall capital formation. [source]


Innovation and Knowledge Management: The Long View

CREATIVITY AND INNOVATION MANAGEMENT, Issue 3 2001
Michael Lester
The challenge of the e,Economy is one of technological change and the innovation process affords insights into how this new knowledge can be harnessed across the economy to increase productivity and generate wealth. The conceptual framework for this paper is National Systems of Innovation (NSI) as applied to Australia Edquist (1997); Freeman (1995). NSI allows us to take a holistic view of innovation that realistically blends technology with institutional elements, particularly including issues of collaboration. Taking a Long View (Schwartz (1991), that is, looking back on the legacy of experience with the innovation process, will also facilitate looking forward strategically from Australia's current practices, and to speculate on the prospects. This paper illustrates selectively and not comprehensively, from my own direct experience, the evolution of innovation policies in Australia and speculates on their implications for collaboration in the e,Economy by drawing on selected case studies in Research and Development, Industry and Trade, and the e,Economy. It also draws upon work for my doctorate in knowledge management at the University of Technology. The selection and synthesis of theory inevitably also reflect, however idiosyncratically, my academic training in engineering, politics and economics. [source]


Situating technological change within social and business dynamics

DESIGN MANAGEMENT REVIEW, Issue 2 2003
Kevin McCullagh
First page of article [source]


Intersectoral Labor Mobility and the Growth of the Service Sector

ECONOMETRICA, Issue 1 2006
Donghoon Lee
One of the most striking changes in the U.S. economy over the past 50 years has been the growth in the service sector. Between 1950 and 2000, service-sector employment grew from 57 to 75 percent of total employment. However, over this time, the real hourly wage in the service sector grew only slightly faster than in the goods sector. In this paper, we assess whether or not the essential constancy of the relative wage implies that individuals face small costs of switching sectors, and we quantify the relative importance of labor supply and demand factors in the growth of the service sector. We specify and estimate a two-sector labor market equilibrium model that allows us to address these empirical issues in a unified framework. Our estimates imply that there are large mobility costs: output in both sectors would have been double their current levels if these mobility costs had been zero. In addition, we find that demand-side factors, that is, technological change and movements in product and capital prices, were responsible for the growth of the service sector. [source]


Capital-skill Complementarity and Inequality: A Macroeconomic Analysis

ECONOMETRICA, Issue 5 2000
Per Krusell
The supply and price of skilled labor relative to unskilled labor have changed dramatically over the postwar period. The relative quantity of skilled labor has increased substantially, and the skill premium, which is the wage of skilled labor relative to that of unskilled labor, has grown significantly since 1980. Many studies have found that accounting for the increase in the skill premium on the basis of observable variables is difficult and have concluded implicitly that latent skill-biased technological change must be the main factor responsible. This paper examines that view systematically. We develop a framework that provides a simple, explicit economic mechanism for understanding skill-biased technological change in terms of observable variables, and we use the framework to evaluate the fraction of variation in the skill premium that can be accounted for by changes in observed factor quantities. We find that with capital-skill complementarity, changes in observed inputs alone can account for most of the variations in the skill premium over the last 30 years. [source]


Trust, Transactions, and Information Technologies in the U.S. Logistics Industry

ECONOMIC GEOGRAPHY, Issue 2 2007
Yuko Aoyama
Abstract: How does information technology (IT) alter the organizational dynamics in an industry? In this article, we examine changes in competition and interfirm relations in the U.S. logistics industry, particularly whether "trust-based" interfirm relationships are being substituted by "competition-based" relationships and the rationale for outsourcing. We also examine how new IT tools and outsourcing interact and how logistics contracts, the size of firms, and knowledge lead to integration or disintegration within the industry. The results of our research demonstrate that while the use of IT tools is widespread, traditional trust-based relationships exhibit a considerable resilience in the logistics industry. The industry is also undergoing a complex process of restructuring in response to technological change, on the one hand, and the persistence of geographic and functional specialization, on the other hand. The industry's focus on the delivery of high-quality services, coupled with excess capacity in the industry in the past few years, has contributed to these contradictory trends. As a result, elimination of the middleman has not been as widely observed as expected. [source]


Mechanical innovation in the industrial revolution: the case of plough design

ECONOMIC HISTORY REVIEW, Issue 3 2003
Liam Brunt
Variations in levels of embodied technology generated variations in English plough prices in 1770. Using plough prices as a quality index, this article explains size and daily output of plough teams. It shows that variations in plough technology were due to technological change,not static optimization,and village plough technology was influenced by neighbouring villages. But technological advance was not constrained on the demand size: farmers purchased the best ploughs available. Rather, local supply of technology was the limiting factor. Technological change, urbanization, and information networks are rejected as explanations of local supply of technology. The key factor was market density. [source]


Information Technology and Productivity Changes in the Banking Industry

ECONOMIC NOTES, Issue 1 2007
Luca Casolaro
This paper analyses the effects of investment in information technologies (IT) in the financial sector using micro-data from a panel of 600 Italian banks over the period 1989,2000. Stochastic cost and profit functions are estimated allowing for individual banks' displacements from the best practice frontier and for non-neutral technological change. The results show that both cost and profit frontier shifts are strongly correlated with IT capital accumulation. Banks adopting IT capital-intensive techniques are also more efficient. On the whole, over the past decade IT capital-deepening contribution to total factor productivity growth of the Italian banking industry can be estimated in a range between 1.3 and 1.8 per cent per year. [source]


The Economics of Carbon Abatement: An Integrated Diagrammatic Framework

ECONOMIC PAPERS: A JOURNAL OF APPLIED ECONOMICS AND POLICY, Issue 2 2009
Ross Guest
Q54; Q52; Q48 The aim of this article is to present the economics of carbon abatement in an integrated framework with application to key policy questions. While the core ideas are well known, the innovation here is to integrate the marginal costs and benefits of carbon abatement with the market for carbon permits in a diagrammatic framework. This framework is then used to analyse a range of issues in the public debate about carbon abatement and carbon trading schemes, such as special assistance for certain industries, tax concessions on particular carbon-intensive goods such as petrol, government subsidies for renewable energy, and the effects of uncertainty and technological change. [source]


The German wind energy lobby: how to promote costly technological change successfully

ENVIRONMENTAL POLICY AND GOVERNANCE, Issue 3 2005
Axel Michaelowa
Abstract German wind power development is a technological success story but has involved very high subsidies. Germany was a latecomer in wind power but specific political conditions in the late 1980s and early 1990s allowed the implementation of the feed-in tariff regime, which has characterized Germany ever since. The wind lobby managed to constitute itself at an early stage and to develop stable alliances with farmers and regional policymakers. The concentration of the wind industry in structurally weak regions reinforced these links. With an increased visibility of the subsidies and saturation of onshore sites in the early 2000s, the lobby has been less successful in retaining support. The current attempt to develop offshore projects may suffer from less favourable interest constellations. Copyright © 2005 John Wiley & Sons, Ltd and ERP Environment. [source]


Occupational Segregation and the Tipping Phenomenon: The Contrary Case of Court Reporting in the USA

GENDER, WORK & ORGANISATION, Issue 2 2007
Joyce P. Jacobsen
The ,tipping' phenomenon, whereby an occupation switches from dominance by one demographic group to dominance by another, has occurred in various occupations. Multiple causes have been suggested for such switches, including several related to technological change, both through effects on the performance of the work and through the effect of changing demand for different occupations. The court reporting occupation provides a novel setting for testing the relevance of various proposed causes for the increased feminization of many occupations. In this case, many of the general correlates, including declining wages, are not found; rather the phenomenon is related to the earlier feminization of the clerical workforce and the increased identification of court reporting with clerical work. [source]


Geography's Emerging Cross-Disciplinary Links: Process, Causes, Outcomes and Challenges

GEOGRAPHICAL RESEARCH, Issue 1 2002
J.H. Holmes
In Australian universities the discipline of Geography has been the pace-setter in forging cross-disciplinary links to create multidisciplinary departments and schools, well ahead of other disciplines in humanities, social sciences and sciences, and also to a greater extent than in comparable overseas university systems. Details on all cross-disciplinary links and on immediate outcomes have been obtained by surveys of all heads of departments/schools with undergraduate Geography programs. These programs have traced their own distinctive trajectories, with ramifying links to cognate fields of enquiry, achieved through mergers, transfers, internal initiatives and, more recently, faculty-wide restructuring to create supradisciplinary schools. Geography's ,exceptionalism' has proved short-lived. Disciplinary flux is now extending more widely within Australian universities, driven by a variety of internal and external forces, including: intellectual questioning and new ways of constituting knowledge; technological change and the information revolution; the growth of instrumentalism and credentialism, and managerialism and entre-preneurial imperatives; reinforced by a powerful budgetary squeeze. Geographers are proving highly adaptive in pursuit of cross-disciplinary connections, offering analytical tools and selected disciplinary insights useful to non-geographers. However, this may be at cost to undergraduate programs focussing on Geography's intellectual core. Whereas formerly Geography had high reproductive capacity but low instrumental value it may now be in a phase of enhanced utility but perilously low reproductive capacity. [source]


Cities, Skills, and Inequality

GROWTH AND CHANGE, Issue 3 2005
CHRISTOPHER H. WHEELER
ABSTRACT The surge in U.S. wage inequality over the past several decades is now commonly attributed to an increase in the returns paid to skill. Although theories differ with respect to why, specifically, this increase has come about, many agree that it is strongly tied to the increase in the relative supply of skilled (i.e., highly educated) workers in the U.S. labor market. A greater supply of skilled labor, for example, may have induced skill-biased technological change or generated greater stratification of workers by skill across firms or jobs. Given that metropolitan areas in the U.S. have long possessed more educated populations than non-metropolitan areas, these theories suggest that the rise in both the returns to skill and wage inequality should have been particularly pronounced in cities. Evidence from the U.S. Census over the period of 1950 to 1990 supports both implications. [source]


Local Diversity, Human Creativity, and Technological Innovation

GROWTH AND CHANGE, Issue 3 2001
Pierre Desrochers
The purpose of this paper is to point out some shortcomings of traditional approaches to the study of "knowledge spillovers" and to suggest an alternative based on how knowledge is actually created and exchanged by individuals. Which regional setting is the best incubator of technological change and economic growth? Is this promoted by regional diversity or specialization of economi activity? This study will include economic analyses of geographically localized "dynamic knowledge externalities, Jacob's externalities, or adding new work to old, industrial classification and technology combination, human creativity, and technology combination through human action and imaginative use of resources. Employees add to, or switch their product line; individuals move from one type of production to another; individuals observe a product/process in another setting and incorporate it; individuals possessing different skills and working for different firms collaborate; and urban diversity and resource collaboration are utilized. It is concluded that problems are solved through the combination of previously unrelated things and that promoting regional specialization at the expense of spontaneously evolved local diversity might be a counter-productive policy. [source]


Accounting for quality in the measurement of hospital performance: evidence from Costa Rica

HEALTH ECONOMICS, Issue 7 2007
Pablo Arocena
Abstract This paper provides insights into how Costa Rican public hospitals responded to the pressure for increased efficiency and quality introduced by the reforms carried out over the period 1997,2001. To that purpose we compute a generalized output distance function by means of non-parametric mathematical programming to construct a productivity index, which accounts for productivity changes while controlling for quality of care. Our results show an improvement in hospital performance mainly driven by quality increases. The adoption of management contracts seems to have contributed to such enhancement, more notably for small hospitals. Further, productivity growth is primarily due to technical and scale efficiency change rather than technological change. A number of policy implications are drawn from these results. Copyright © 2006 John Wiley & Sons, Ltd. [source]


Towards a model for assessing workers' risks resulting from the implementation of information and communication systems and technologies

HUMAN FACTORS AND ERGONOMICS IN MANUFACTURING & SERVICE INDUSTRIES, Issue 1 2006
Ricardo Vyhmeister
The authors investigate the effects of information and communication systems and technologies (ICST) on workers' health and safety. A multidisciplinary and convergent perspective is used to define a model that evaluates the risks associated with the implementation of any information system. The model incorporates the organizational, individual, and social elements that affect workers' risks. Special attention has been paid to the incorporation of ergonomic and organizational factors including culture, technological change, and informatics ethics. © 2006 Wiley Periodicals, Inc. Hum Factors Man 16: 39,59, 2006. [source]


Experience, change and vulnerability: consumer education for older people revisited

INTERNATIONAL JOURNAL OF CONSUMER STUDIES, Issue 3 2002
Phil Lyon
Abstract Everyday consumer transactions have the same potential for unexpected consequence whatever the age of the consumers involved. Young and old alike can find that products and services fail to live up to performance claims and that they are left with problems not easily resolved, or costs that are difficult to recover. While not overlooking consumer heterogeneity , especially on the basis of age , older consumers are arguably distinguishable in terms of the social and financial context in which they make decisions and attempt to redress problems. In 1988, attention was drawn to the need for consumer education to look beyond generic objectives to the specific situation of older people and their transactions. More than a decade later, in an allegedly consumer-oriented society, the issue is revisited here to assess the argument's current relevance. Despite the increased availability of information for decisions and consumer protection, difficulties persist in the way information is presented or accessed. Chameleon-like, old problems become manifest in new unfamiliar ways and invalidate experience. Consumer education today is as important as it was in 1988. Arguably, technological change means that the need for a better understanding of dangers, rights and redress procedures is greater than ever and the needs of older people in increasingly complex private and public sector transaction environments are all the more pressing. However, a fundamental revision of the way we approach the design of products, services and environments is needed to improve prospects for older consumers. [source]


Role of Endogenous Vintage Specific Depreciation in the Optimal Behavior of Firms

INTERNATIONAL JOURNAL OF ECONOMIC THEORY, Issue 3 2008
Cagri Saglam
D92; O33; E22; C61 This paper studies the firms' capital accumulation process in a vintage capital model with embodied technological change. We take into account that depreciation is endogenous and in particular associated with vintage specific maintenance expenditure. We prove that maintenance is a local substitute for investment as soon as the marginal cost of maintenance is strictly increasing. We show that maintenance and investment in new capital goods appear as complements with respect to the changes in productivity, cost of maintenance, fixed cost of operation, efficiency of maintenance services and appear as substitutes with respect to the price of new machines. Allowing for investment in old vintages, we determine that investment in old machines appears as a substitute of both investments in new machines and maintenance services. We end up by analyzing the effects of technological progress on optimal plans and prove that a negative anticipation effect can occur even without any market imperfections. [source]


Boom and Bust Cycle of the Stock Market, and Economic Growth in a Vintage Capital Model

INTERNATIONAL JOURNAL OF ECONOMIC THEORY, Issue 3 2008
Takeshi Kobayashi
E13; E32; O33; O47 We construct a growth model of overlapping generations with vintage capital. There exists an equilibrium that converges to the balanced growth path through endogenous fluctuations of investment, consumption, and output in terms of the growth rate. When the technological change arrives and a rise in productivity is embodied only in newly invested capital, the economy converges to a new balanced growth path with a higher growth rate of output, but when we interpret the price of existing old capital as the stock market capitalization, the rise in productivity is accompanied by an initial decline in the stock market. Oscillatory equilibria are supported as perfect-foresight equilibria in the present framework with finitely lived agents and capital. Any oscillatory equilibrium is associated with the regime switch from an economy with both young and old capital in use into one with only old capital in use. [source]


Nursing in a technological environment: Nursing care in the operating room

INTERNATIONAL JOURNAL OF NURSING PRACTICE, Issue 1 2006
Rosalind Bull BApplSc(Nsg) MN PhD
Operating room nurses continue to draw criticism regarding the appropriateness of a nursing presence in the operating room. The technological focus of the theatre and the ways in which nurses in the theatre have shaped and reshaped their practice in response to technological change have caused people within and outside the nursing profession to question whether operating room nursing is a technological rather than nursing undertaking. This paper reports findings from an ethnographic study that was conducted in an Australian operating department. The study examined the contribution of nurses to the work of the operating room through intensive observation and ethnographic interviews. This paper uses selected findings from the study to explore the ways in which nurses in theatre interpret their role in terms of caring in a technological environment. [source]


Evaluating the efficiency of a small hotel chain with a Malmquist productivity index

INTERNATIONAL JOURNAL OF TOURISM RESEARCH, Issue 3 2005
Carlos Pestana Barros
Abstract By applying data envelopment analysis (DEA) a two-stage procedure is followed to evaluate the determinants of efficiency of a Portuguese public-owned hotel chain, Enatur for the period 1999 to 2001. In the first stage the paper estimates the Malmquist index and breaks it down into technical efficiency and technological change. In the second stage, a Tobit econometric model, designed to relate efficiency scores, along with other managerial and contextual variables, is used to identify the efficiency drivers. The implications of this study for managerial purposes are then discussed. Copyright © 2005 John Wiley & Sons, Ltd. [source]