Technological progress and capital intensity

• Authors: Szalavetz A.
• Languages of publication: HU

Abstracts

EN

The study argues that technological progress and successive paradigm-defining, general-purpose technologies do not always, automatically increase the capital intensity of value creation. Technology change does not always show a capital-utilizing, labour-saving bias. With the impact of the information-technology revolution on relative input shares, the effect of new technology in certain industries and on certain types of capital has been to produce appreciable capital savings. The analysis shows appreciable differences between sectors and industries in the increase of capital demand and capital intensity, as well as significant accumulation and intensity-increasing differences for various types of machinery and equipment.

Keywords

EN

CAPITAL INTENSITY; INFORMATION TECHNOLOGY; KNOWLEDGE SOCIETY

Discipline

• ECONOMICS: ECONOMICS

• Publisher: Committee for Economic Sciences of the Hungarian Academy of Sciences
• Journal: Kozgazdasagi Szemle (Economic Review)
• Year: 2007
• Volume: 54
• Issue: 2
• Pages: 284-198
• Document type: ARTICLE

Contributors

author

Szalavetz A.

• A. Szalavetz, no address given, contact the journal editor

Identifiers

CEJSH db identifier

07HUAAAA02996158