The Contribution of Technology to Added Value [electronic resource] / by António S.C Fernandes.

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.

There is a wide consensus that introduction of technology to the production process contributes to an overall economic value, however, confusion between technology, knowledge and capital often makes value calculations ambiguous and non-objective. The Contribution of Technology to Added Value addresses not only this issue of definition but also provides a production model to assess the value contribution of technology within the production process. A clarification  of fundamental semantics  provides a significant taxonomy for technology dependence, and allows understanding and modeling of how knowledge, technology and capital individually contribute to production and to value adding. A new technology dependence taxonomy is proposed and assessed following chapters explaining growth models, the KTC model and technology index values. Balancing theoretical knowledge with real-world data and applications The Contribution of Technology to Added Value clarifies the issue of value adding for a range of different viewpoints and purposes; from academic to industry and service across engineering, economics and management.  .