Measuring dynamic technical change: a technometric approach

The propose of this paper is to extend the microeconomic benchmarking appro ach known as 'technometrics'. We offer a novel approach to measuring techni cal change at the product level, based on intertemporal comparison of produ ct characteristics, using objective performance measures. The goal of the s tudy is to provide a straightforward tool for benchmarking technological so phistication that can be portrayed graphically and shows how technological capabilities have changed between two points in time. This paper extends th e static analysis of a previous paper [1], as it again deals with sensors, and implements the dynamic technometric approach on the updated sensor data .