Technological Change and Public Policies

Harland Wm. Whitmore

Chapter 17 in The World Economy, Population Growth, and the Global Ecosystem, 2007, pp 307-310 from Palgrave Macmillan

Abstract: Abstract Technical change takes several forms in this model. First, technical change may reduce the unavoidable amount of mass wasted associated with the production of the transformed nonrenewable resource, or the production of capital goods, or the production of consumption goods. Second, technology may reduce the amount of mass necessarily contained within a unit of capital goods or consumption goods. Third, technology may reduce the rate of physical depreciation of capital goods or the amount of labor services necessary to convert a unit of waste into recycled product or treated and stored mass. Fourth, a technical improvement may reduce the mass necessary to add a unit to a country’s infrastructure.

Date: 2007
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DOI: 10.1057/9780230607309_17

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