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Technology and Technometrics approachesne

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The technological innovation, nowadays, is one of the most important determinant for increasing the wealth of the nations. Souder and Shrivastrava said “we can’t begin to make decisions about technology until we understand it. And we can’t begin to really understand it until we can measure it”. For this reason within the economics a new branch called Technometrics is born: it is a new theoretical framework for the conception and measurement of technological change with important policy implications (Sahal, 1985). The aim of this paper is, after introducing the concepts of technological innovation as used by the economists during the nineteenth and twentieth-century, to show the historical evolution of the several approaches used to measure and evaluate the technology and technology change from 1930 to 2004. A discussion of these approaches shows the methodological difficulties and their potentials.

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File URL: http://www.ceris.cnr.it/ceris/workingpaper/2004/WP_5_04_PDF_COCCIA.pdf
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Paper provided by Institute for Economic Research on Firms and Growth - Moncalieri (TO) in its series CERIS Working Paper with number 200405.

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Length: 33 pages
Date of creation: Jun 2004
Date of revision:
Handle: RePEc:csc:cerisp:200405

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Keywords: Technometrics; Technology; Technological Change; Patterns of technological innovation; history of economic thought; systemic approach; innovation diffusion;

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  1. Alessandro Sembenelli & Laura Rondi & Fabio Schiantarelli & Brian Sack, 1993. "Firms' Financial And Real Responses To Business Cycle Shocks And Monetary Tightening: Evidence For Large And Small Italian Companies," CERIS Working Paper 199305, Institute for Economic Research on Firms and Growth - Moncalieri (TO).
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