Microeconomics of Technology Adoption

There is an emerging consensus among macro-economists that differences in technology across countries accounts for the major differences in per-capita GDP and the wages of workers with similar skills across countries. Accounting for differences in technology levels across countries thus can go a long way towards understanding global inequality. One mechanism by which poorer countries can catch up with richer countries is through technological diffusion, the adoption by low-income countries of the advanced technologies produced in high-income countries. In this survey, we examine recent micro studies that focus on understanding the adoption process. If technological diffusion is a major channel by which poor countries can develop, it must be the case that technology adoption is incomplete or the inputs associated with the technologies are under-utilized in poor, or slow-growing economies. Thus, obtaining a better understanding of the constraints on adoption are useful in understanding a major component of growth.technology adoption, review

Universality of collapsing two-dimensional self-avoiding trails

Results of a numerically exact transfer matrix calculation for the model of Interacting Self-Avoiding Trails are presented. The results lead to the conclusion that, at the collapse transition, Self-Avoiding Trails are in the same universality class as the O(n=0) model of Blote and Nienhuis (or vertex-interacting self-avoiding walk), which has thermal exponent $\nu=12/23$, contrary to previous conjectures.Comment: Final version, accepted for publication in Journal of Physics A; 9 pages; 3 figure

Variable mixer propulsion cycle

A design technique, method and apparatus are delineated for controlling the bypass gas stream pressure and varying the bypass ratio of a mixed flow gas turbine engine in order to achieve improved performance. The disclosed embodiments each include a mixing device for combining the core and bypass gas streams. The variable area mixing device permits the static pressures of the core and bypass streams to be balanced prior to mixing at widely varying bypass stream pressure levels. The mixed flow gas turbine engine therefore operates efficiently over a wide range of bypass ratios and the dynamic pressure of the bypass stream is maintained at a level which will keep the engine inlet airflow matched to an optimum design level throughout a wide range of engine thrust settings

Seeing social enterprise through the theoretical conceptualisation of ethical capital

Objectives: Current conceptualisations of social enterprise fail to fully satisfy an understanding of the movement. A focus on the economic implies a business model where deep tensions lie. A focus on social capital offers a different frame of reference, yet both these conceptualisations fail to fully identify the phenomena that is social enterprise. The objective of this paper seeks to fill that gap. Ethical capital is offered here as the missing conceptualisation in the field of social enterprise. Prior work: Pearce (2003) describes social enterprises as part of the third system, closer to the first system (private business), than the second system (public provision), yet primarily social and secondly a business. Social Enterprises are described as trading organisations in a market (Pearce 2003). A focus and operationalisation for social enterprises to be ‘business-like’ and ‘entrepreneurial’ is well documented (Leadbeater 1997; Dees 1998; Nicholls 2006b). Approach: Yet, if as part of the third sector, social enterprises are as Dart (2004) suggests; ‘blurring the boundaries between non-profit and profit’, but what blurs? What is compromised? What exactly is lost (or gained)? What challenges are there for social enterprises? And is a managerialist ideology taking precedence over the social? This paper provides a conceptual paper that seeks to outline the arguments on the table and develop an ethical capital conceptualisation of social enterprise. Results: This paper very much aims at starting the process of intellectual debate about the notion of ethical capital in social enterprises. The conclusions of this paper outline further research questions that need to be addressed in order to fully develop this concept. Implications: The current ideology of the neo-classical economic paradigm it is argued in the paper pursues interests towards the self and towards the erosion of the moral basis of association. The outcome leaves society with a problem of low ethical virtue - the implications of this paper are that social enterprises maximise ethical virtue beyond any other form of organisation and as such hold great value beyond their missions and values. Value: This paper offers great value in the understanding of social enterprise through fresh insight into the conceptualisation. A critical perspective to the current literature is taken and discussed but though the introduction of ethical capital this paper takes our understanding of the value of the sector into another light, providing practitioners, business support agencies and academics alike with a different level of conceptualisation that has not been explored before.</p

Energy Conversion Alternatives Study (ECAS), Westinghouse phase 1. Volume 5: Combined gas-steam turbine cycles

The energy conversion efficiency of gas-steam turbine cycles was investigated for selected combined cycle power plants. Results indicate that it is possible for combined cycle gas-steam turbine power plants to have efficiencies several point higher than conventional steam plants. Induction of low pressure steam into the steam turbine is shown to improve the plant efficiency. Post firing of the boiler of a high temperature combined cycle plant is found to increase net power but to worsen efficiency. A gas turbine pressure ratio of 12 to 1 was found to be close to optimum at all gas turbine inlet temperatures that were studied. The coal using combined cycle plant with an integrated low-Btu gasifier was calculated to have a plant efficiency of 43.6%, a capitalization of $497/kW, and a cost of electricity of 6.75 mills/MJ (24.3 mills/kwh). This combined cycle plant should be considered for base load power generation