Introduction of New Technology with a Sound Transition of the Input-Output Structure

Kazuhiko Nishimura

Economic Systems Research, 2002, vol. 14, issue 1, 89-94

Abstract: We examine the general equilibrium repercussions associated with the introduction of new technologies, using the generalized Leontief system that allows technological substitutions. We show that an untested introduction of cost-increasing technologies in any industry may result in creating a non-productive technological structure that does not satisfy the Hawkins-Simon condition, following the autonomous dynamic adjustment process with structural transitions in the economic system. Therefore, we propose a practicable control scheme of introducing cost-increasing technologies that strictly avoids the creation of non-productive structures in all periods of structural transition, using the available information on the ex ante technological structure.

Keywords: Technology; Introduction; Generalized; Leontief; System; Hawkins-SIMON; Condition; Dynamic; Adjustment; Process (search for similar items in EconPapers)
Date: 2002
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DOI: 10.1080/09535310220111842

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