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Adoption of New Technology

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Author Info
Bronwyn H. Hall
Beethika Khan

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Abstract

The contribution of new technology to economic growth can only be realized when and if the new technology is widely diffused and used. Diffusion itself results from a series of individual decisions to begin using the new technology, decisions which are often the result of a comparison of the uncertain benefits of the new invention with the uncertain costs of adopting it. An understanding of the factors affecting this choice is essential both for economists studying the determinants of growth and for the creators and producers of such technologies. Section II of this article discusses the modeling of diffusion and Sections III to V explore the determinants of diffusion and the evidence for their importance.

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Paper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 9730.

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Date of creation: May 2003
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Handle: RePEc:nbr:nberwo:9730

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O3 - Economic Development, Technological Change, and Growth - - Technological Change
L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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    Other versions:
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Full references

Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Jonathan Beck & Michal Grajek & Christian Wey, 2005. "Hypermarket Competition and the Diffusion of Retail Checkout Barcode Scanning," CIG Working Papers SP II 2005-19, Wissenschaftszentrum Berlin (WZB), Research Unit: Competition and Innovation (CIG). [Downloadable!]
    Other versions:
  2. James R. Markusen & Thomas F. Rutherford, 2004. "Learning on the Quick and Cheap: Gains from Trade Through Imported Expertise," NBER Working Papers 10603, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
  3. Beck, Jonathan, 2009. "Diderot's rule," MPRA Paper 17404, University Library of Munich, Germany. [Downloadable!]
  4. Orlando Gomes, 2005. "Knowledge creation and technology difusion: a framework to understand economic growth," Revista de Analisis Economico – Economic Analysis Review, Ilades-Georgetown University, Economics Department, vol. 20(2), pages 41-61, December. [Downloadable!]
  5. Michele Moretto, 2007. "Competition and Irreversible Investments under Uncertainty," "Marco Fanno" Working Papers 0058, Dipartimento di Scienze Economiche "Marco Fanno". [Downloadable!]
  6. Zhang, T. & Nuttall, W.J., 2007. "An Agent Based Simulation Of Smart Metering Technology Adoption," Cambridge Working Papers in Economics 0760, Faculty of Economics, University of Cambridge. [Downloadable!]
  7. Maria A. Cunha-e-Sá & Ana Balcão Reis & Catarina Roseta-Palma, 2004. "Technology Adoption in Nonrenewable Resource Management," Economic Working Papers at Centro de Estudios Andaluces E2004/16, Centro de Estudios Andaluces. [Downloadable!]
    Other versions:
  8. Sykuta, Michael E. & Klein, Peter G. & James, Harvey S., Jr., 2005. "Markets, Contracts, or Integration? The Adoption, Diffusion, and Evolution of Organizational Form," 2005 Annual meeting, July 24-27, Providence, RI 19390, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association). [Downloadable!]
  9. Jonathan Beck, 2007. "The sales effect of word of mouth: a model for creative goods and estimates for novels," Journal of Cultural Economics, Springer, vol. 31(1), pages 5-23, March. [Downloadable!] (restricted)
    Other versions:
  10. James G. Mulligan & Nilotpal Das, 2006. "Item Pricing Laws, Supplier Behavior, and the Diffusion of Time-Saving Technology Innovations," Working Papers 06-11, University of Delaware, Department of Economics. [Downloadable!]
  11. Maria Cunha-e-Sá & Ana Reis, 2007. "The Optimal Timing of Adoption of a Green Technology," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 36(1), pages 35-55, January. [Downloadable!] (restricted)
  12. Correa, Paulo G. & Fernandes, Ana M. & Uregian, Chris J., 2008. "Technology adoption and the investment climate : firm-level evidence for Eastern Europe and Central Asia," Policy Research Working Paper Series 4707, The World Bank. [Downloadable!]
  13. Zhang, T. & Nuttall, W.J., 2008. "Evaluating Government’s Policies on Promoting Smart Metering in Retail Electricity Markets via Agent Based Simulation," Cambridge Working Papers in Economics 0842, Faculty of Economics, University of Cambridge. [Downloadable!]
  14. Artz, Georgeanne M. & Colson, Gregory J. & Ginder, Roger, 2009. "A Return of the Threshing Ring? Motivations, Benefits and Challenges of Machinery and Labor Sharing Arrangements," Staff General Research Papers 13065, Iowa State University, Department of Economics. [Downloadable!]
  15. James Markusen & Thomas F. Rutherford, 2004. "Learning on the Cheap and Quick: Gains from trade through imported expertise," DEGIT Conference Papers c009_002, DEGIT, Dynamics, Economic Growth, and International Trade. [Downloadable!]
  16. Paul Beaudry & Patrick Francois, 2007. "The Economics of Inefficient Technology Use," NBER Working Papers 13500, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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