Intra-plant diffusion of new technology: Role of productivity in the study of steel refining furnaces
AbstractThis paper examines intra-plant diffusion of new technology in the Japanese steel industry. The introduction of the basic oxygen furnace (BOF) was the greatest breakthrough in steel refining in the last century. Using unique panel data, the paper estimates total factor productivity by technology type, and associates the estimates with intra-plant diffusion. The paper finds that intra-plant diffusion accounts for about a half of the industry productivity growth. Large plants are likely to adopt the new technology earlier, but retain the old technology longer, than their smaller counterparts.
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Bibliographic InfoArticle provided by Elsevier in its journal Research Policy.
Volume (Year): 41 (2012)
Issue (Month): 4 ()
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Web page: http://www.elsevier.com/locate/respol
Intra-plant diffusion; Total factor productivity; Innovation; Technological change;
Find related papers by JEL classification:
- D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
- L61 - Industrial Organization - - Industry Studies: Manufacturing - - - Metals and Metal Products; Cement; Glass; Ceramics
- O14 - Economic Development, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
- O33 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
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