Technical Progress Function
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Definition of 'Technical Progress Function'
An economic relation which seeks to explain changes in the level of economic output in terms of the level of technical progress. Rather than looking at economic growth as a form of efficiently allocating inputs, the technical progress function explains economic growth in terms of investment in technological progress.
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Investopedia explains 'Technical Progress Function'
The production function assumes that, given a preset level of technical progress, output is explained by the level of efficiency by which labor and capital are allocated to production. A technical progress function looks at this production the other way around. Given that inputs are allocated most efficiently, then the technical progress function assets that output is dependent on the level of technical progress. Thus, the greater the level of investment in technical progress over time, the greater the amount of output in the economy.
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Search results for 'Technical Progress Function'
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http://www.investopedia.com/articles/financial-theory/08/hotelling-theory-price-oil.asp
... Technological progress in the production of solar, wind and other substitutes for
oil ... suggests that future oil prices can be calculated as a function of the ...
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http://www.investopedia.com/articles/stocks/10/primer-on-the-tech-industry.asp
... a steady stream of progress and innovative ... which require chips) and software to function. ...
and peripherals, networking equipment, "technical" instruments and ...
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http://www.investopedia.com/university/how-to-use-ninjatrader-trading-software/ninja-trader2.asp
... to all of the various NinjaTrader function windows, and ... The right side indicates
the progress for many ... reading, see Basics Of Technical Analysis: Introduction ...
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http://www.investopedia.com/articles/forex/10/international-money-market.asp
... risk by preventing losses, the realization of which is still a work in progress. ...
while eurodollar futures are quoted based on the IMM Index, a function of the ...
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http://www.investopedia.com/articles/financialcareers/09/famous-leaders-finance.asp
... Establishment of the Works Progress Administration, which employed more than 2 ...
improvements across the different divisions and within the corporate function. ...
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http://www.investopedia.com/articles/fundamental-analysis/09/equity-valuation-good-bad.asp
... income and shareholder equity are GAAP measurements, thus ROE is an accounting function. ...
period in which stock prices fluctuate but do not progress can tend to ...
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http://www.investopedia.com/articles/financialcareers/09/most-influential-bankers.asp
... When banks fail to function properly, the economy follows, and like many elements
of finance ... A Work In Progress The evolution of banking is far from over. ...
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http://www.investopedia.com/articles/06/depreciation.asp
... the statement of owners' equity - represent the company's financial health and progress,
they can ... can see that how much expense to charge is a function of the ...
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http://www.investopedia.com/exam-guide/cfa-level-1/ethics-standards/standard-fair-dealing.asp
... Dictionary; Active Trading; Forex; Technical Analysis; Brokers; Options; Futures;
Personal Finance; ... 13.13 Technical Analysis; 13.14 Using Price Multiples. 14. ...
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