Backstop technology and growth: Doomsday or steady state?

Article Abstract:

A backstop technology generates resources at a fixed marginal cost on an indefinite, long-term basis. According to Heal's two-factor model of backstop technology, capital and resources alone generate output, with consumption either growing or decaying exponentially, or is constant. This formulation is ambiguous because Doomsday could occur in spite of the presence of a backstop technology. If labor is a productive factor, a steady-state equilibrium is attained just like in standard optimal growth models. This scenario describes the three-factor model.

Models, Technological innovations

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Mayer Information Technology opens Toronto office

Article Abstract:

UK-based Mayer Information technology has opened a branch in Toronto, Canada, in an effort to improve service to its growing North American market. The company is also about to launch Operations Manager, a software designed to monitor processing and provide wear tracking and analysis, maintenance schedules, spare parts inventories and purchase order tracking. The software will be unveiled at the 2000 ISRI convention in Las Vegas, NV.

Computer Software, Software Publishers, Foreign operations, Software

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Toronto takes three streams to different levels

Article Abstract:

The Greater Toronto Area (GTA) is testing organics collection containers installed two-thirds into the ground, to service multifamily units as well as institutions. The deep collection units under this program will be installed at small to medium sized apartments, retirement centers, nursing homes, schools and neighborhood parks, to boost participation rates.

Usage, Environmental aspects, Composting, Waste treatment facilities, Greater Toronto Area

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