There are obvious gaps between long-term change of economic structure and its principle driving force – technological progress. History has shown the influence of technological progress on economy and current insights in technological development can almost foresee the coming technological waves in next 50 years, but their possible impacts on economy are not yet assessed. In this paper, we defi...

The rapid pace of productivity growth since the mid-1990s has been attributed to improvements in technology, particularly in the areas of information processing and communications. From e-mail and cell phones to inventory management and robotic manufacturing techniques, new ways of doing business—facilitated by the use of new types of capital equipment—have transformed the workplace. However, t...

Economists have long thought of technological progress as a primary determinant of rising living standards over time. One might think of technological progress as increasing the “effectiveness” of labor, thereby raising the amount of output that each unit of labor can produce. The purpose of this paper is to ask whether, as an empirical matter, technological progress increases the productivity ...

The involvement of people and technical devices is a characteristic feature technological processes in agriculture. Human access to modernized more efficient equipment determines the differentiation proportions contributions human labor implementation production technology on farms. Taking into account data manual machine work inputs, methodology determining index level (TL) was presented. aim ...