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Moore (1995) expected that "the rate of technological progress is going to be controlled from financial realities". [129] The reverse could and did occur around the late-1990s, however, with economists reporting that "Productivity growth is the key economic indicator of innovation."
A Technology Readiness Level Calculator was developed by the United States Air Force. [6] This tool is a standard set of questions implemented in Microsoft Excel that produces a graphical display of the TRLs achieved. This tool is intended to provide a snapshot of technology maturity at a given point in time. [7]
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As the developments of computing technology, advanced computer hardware and software facilitates the process of data sorting and data analysis. The development of Internet and networking is also beneficial for the data access and data transfer. [6] Technology opportunities analysis started since 1990.
The AK model, which is the simplest endogenous model, gives a constant-savings rate of endogenous growth and assumes a constant, exogenous, saving rate. It models technological progress with a single parameter (usually A). The model is based on the assumption that the production function does not exhibit diminishing returns to scale.
Outputs included patents, technology transfer, and other R&D results; business performance, such as labor productivity and total shareholder returns; and the impact of innovation on business migration and economic growth. The U.S. is the only country to place constantly as the number 1 country in technology in the world as of 2024. [4]