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Effects Of Technology Adoption On Productivity And Industry Growth: A Study Of Steel Refining Furnaces

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  • TSUYOSHI NAKAMURA
  • HIROSHI OHASHI

Abstract

This paper examines the impact of new technology on plant‐level productivity in the Japanese steel industry during the 1950's and 1960's. We estimate the production function, considering the differences in technology between the refining furnaces owned by a plant. We find that a more productive plant was likely to adopt the new technology and that the adoption would be expected to occur immediately following the peak of the productivity level achieved with the old technology. The adoption of the new technology primarily accounted not only for the industry's productivity slowdown but also for the industry's remarkable growth.

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  • Tsuyoshi Nakamura & Hiroshi Ohashi, 2008. "Effects Of Technology Adoption On Productivity And Industry Growth: A Study Of Steel Refining Furnaces," Journal of Industrial Economics, Wiley Blackwell, vol. 56(3), pages 470-499, September.
    • Handle: RePEc:bla:jindec:v:56:y:2008:i:3:p:470-499
    DOI: 10.1111/j.1467-6451.2008.00355.x
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    2. Tsuyoshi Nakamura & Hiroshi Ohashi, 2011. "Matrix Exponential Stochastic Volatility with Cross Leverage," CIRJE F-Series CIRJE-F-813, CIRJE, Faculty of Economics, University of Tokyo.
    3. Budzyński, Wojciech Stefan & Jankowski, Krzysztof Józef & Jarocki, Marcin, 2015. "An analysis of the energy efficiency of winter rapeseed biomass under different farming technologies. A case study of a large-scale farm in Poland," Energy, Elsevier, vol. 90(P2), pages 1272-1279.
    4. Ryuki Kobayashi, 2023. "The effects of new technology on productivity: technological improvement and reallocation efficiency in the Japanese steelmaking industry," Journal of Economic Structures, Springer;Pan-Pacific Association of Input-Output Studies (PAPAIOS), vol. 12(1), pages 1-24, December.
    5. Shuhei Aoki & Julen Esteban-Pretel & Tetsuji Okazaki & Yasuyuki Sawada, 2010. "The Role of the Government in Facilitating TFP Growth during Japan’s Rapid-growth Era," Palgrave Macmillan Books, in: Keijiro Otsuka & Kaliappa Kalirajan (ed.), Community, Market and State in Development, chapter 4, pages 21-44, Palgrave Macmillan.
    6. Won-Sik Hwang & Ho-Sung Kim, 2022. "Does the adoption of emerging technologies improve technical efficiency? Evidence from Korean manufacturing SMEs," Small Business Economics, Springer, vol. 59(2), pages 627-643, August.
    7. Jankowski, Krzysztof Józef & Dubis, Bogdan & Sokólski, Mateusz Mikołaj & Załuski, Dariusz & Bórawski, Piotr & Szempliński, Władysław, 2019. "Biomass yield and energy balance of Virginia fanpetals in different production technologies in north-eastern Poland," Energy, Elsevier, vol. 185(C), pages 612-623.
    8. Hana Nielsen, 2016. "East versus West: Energy transition and energy intensity in coal-rich Europe, 1830-2000," Working Papers 16024, Economic History Society.
    9. Kimura, Yuichi, 2011. "Knowledge Diffusion and Modernization of Rural Industrial Clusters: A Paper-manufacturing Village in Northern Vietnam," World Development, Elsevier, vol. 39(12), pages 2105-2118.

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