The Contribution of Technology to Added Value

Addressing the consensus that introduction of technology to the production process contributes to an overall economic value, this book also provides a production model to assess the value contribution of technology within the production process.

Discusses how to build an operational concept of technology and how to define technology independently of knowledge and of capital, showing how to assess the technology contribution to value added and the technology dependence of firms, sectors and economies Includes a new economic growth model, which depends linearly on the use values of technology, knowledge and capital and a proposal for a new taxonomy in what concerns technology dependence of firms and sectors Clarifies the conceptual differences between technology, knowledge and capital to construct a better benchmark criterion, between firms or sectors, in what concerns technology dependence Includes supplementary material: sn.pub/extras

Autorentext
As an academic, Prof. Fernandes taught in the area of telecommunications and lately in the area of economics of engineering, which is the focus of his current research and publications. For ten years he founded and managed a small industrial firm producing thermal solar collectors and as such, has experienced how engineers, managers and economists look at technology and the expectations they have about its relevance for their respective art.

Inhalt
1.Introduction.- 2.Technology in Growth Models.- 3.A Model to Measure Technology.- 4.The Value Added by Technology.- 5.Technology Dependence Taxonomy.- 6.Value Representing Technology and Knowledge.- 7.Key Conclusions.