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.