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The effects of new technologies on productivity: An intrafirm diffusion-based assessment

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  • Fuentelsaz, Lucio
  • Gómez, Jaime
  • Palomas, Sergio

Abstract

This paper studies the impact of new technologies on productivity from the perspective of the technological diffusion literature. We argue that several stylised facts about the intrafirm diffusion process are not taken into account in most current research, which results in potentially erroneous conclusions. We critically assess different approaches that have been taken when studying the effects of technology adoption on productivity, and relate them to the main findings of the literature on technology diffusion with the aim of identifying the advantages of an intrafirm diffusion approach. We then conduct an empirical analysis on a sample that describes the diffusion of an innovation - the Automated Teller Machine - among Spanish savings banks from 1986 to 2004 in both its extensive (interfirm) and intensive (intrafirm) dimensions. Our results show that only the consideration of the intrafirm diffusion process is able to account for the contribution of the technology to productivity.

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Bibliographic Info

Article provided by Elsevier in its journal Research Policy.

Volume (Year): 38 (2009)
Issue (Month): 7 (September)
Pages: 1172-1180

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Handle: RePEc:eee:respol:v:38:y:2009:i:7:p:1172-1180

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Web page: http://www.elsevier.com/locate/respol

Related research

Keywords: Intrafirm diffusion Technology Productivity ATM;

References

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  1. Fuentelsaz, Lucio & Gomez, Jaime & Polo, Yolanda, 2003. "Intrafirm diffusion of new technologies: an empirical application," Research Policy, Elsevier, vol. 32(4), pages 533-551, April.
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  18. Davidson, Russell & MacKinnon, James G., 1993. "Estimation and Inference in Econometrics," OUP Catalogue, Oxford University Press, number 9780195060119.
  19. Leonard-Barton, Dorothy, 1988. "Implementation as mutual adaptation of technology and organization," Research Policy, Elsevier, vol. 17(5), pages 251-267, October.
  20. Goddard, John & Molyneux, Philip & Wilson, John O.S. & Tavakoli, Manouche, 2007. "European banking: An overview," Journal of Banking & Finance, Elsevier, vol. 31(7), pages 1911-1935, July.
  21. Tyre, Marcie J., 1991. "Managing the introduction of new process technology: International differences in a multi-plant network," Research Policy, Elsevier, vol. 20(1), pages 57-76, February.
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  23. Stoneman, P, 1981. "Intra-Firm Diffusion, Bayesian Learning and Profitability," Economic Journal, Royal Economic Society, vol. 91(362), pages 375-88, June.
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Cited by:
  1. Gómez, Jaime & Vargas, Pilar, 2012. "Intangible resources and technology adoption in manufacturing firms," Research Policy, Elsevier, vol. 41(9), pages 1607-1619.
  2. Fuentelsaz, Lucio & Gómez, Jaime & Palomas, Sergio, 2012. "Production technologies and financial performance: The effect of uneven diffusion among competitors," Research Policy, Elsevier, vol. 41(2), pages 401-413.

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