Sensors and sensing technologies have a main impact in current society and this aspect will continue into the future because of evolving and improving performance characteristics and capabili-ties. Sensors are general purpose technologies that interact with other technologies with relation-ships...

This study proposes the theory of technological parasitism that may be useful for bringing a new perspective to explain and generalize the evolution of technology directed to sustain competitive advantage of firms and nations. Technological parasitism explains the relationship of mutualistic...

This study investigates the failure in project management due to bounded rationality of organizations in the presence of complex and uncertain environments. Examples of failure in project management are described from pharmaceutical sectors (e.g., antibody drugs for Alzheimer’s disease), space...

Political systems shape institutions and govern institutional change supporting economic performance, production and diffusion of technological innovation. This study shows, using global data of countries, that institutional change, based on a progressive democratization of countries, is a...

The main aim of this study is to explain how institutional change, based on processes of democratization, governs the origin and diffusion of technological innovation across economies. This study suggests that institutional change, based on a progressive democratization of countries, is a...

Goldin and Katz's <i>The Race between Education and Technology</i> is a monumental achievement that supplies a unified framework for interpreting how the demand and supply of human capital have shaped the distribution of earnings in the U.S. labor market over the 20th century. This essay reviews the...

Goldin and Katz's The Race between Education and Technology is a monumental achievement that supplies a unified framework for interpreting how the demand and supply of human capital have shaped the distribution of earnings in the U.S. labor market over the 20th century. This essay reviews the...

We examine the concerns that new technologies will render labor redundant in a framework in which tasks previously performed by labor can be automated and new versions of existing tasks, in which labor has a comparative advantage, can be created. In a static version where capital is fixed and...

I analyze an economy in which firms can undertake both labor- and capital-augmenting technological improvements. In the long run, the economy resembles the standard growth model with purely labor-augmenting technical change, and the share of labor in GDP is constant. Along the transition path,...

Since a future pandemic similar to COVID-19 is not a question of whether will happen, but when it will happen. The impact of next pandemic will be determined by how well-prepared countries are when it occurs at any time with little warning, and how countries timely respond. In this context, a...