The Contribution of Technology to Added Value

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.  

As an academic, Prof. Fernandes taught in the area of telecommunications and lately in the area of economics of engineering, which is the focus of his current research and publications. For ten years he founded and managed a small industrial firm producing thermal solar collectors and as such, has experienced how engineers, managers and economists look at technology and the expectations they have about its relevance for their respective art.