Measuring Technological Change - Concept, Methods, and Implications

Abstract

Technological change can be understood in terms of technological evolution. Because of this evolutionary aspect, a number of scholars have made analogies between technological innovation and biological evolution (Ziman, 2000). As technological advancement has played a crucial role in industrial development, almost every nation is concerned with monitoring technological change. Technology policies such as research and development (R&D), technology planning, technology management, etc. are related to this concern.