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Factors influencing the diffusion of electric arc furnace steelmaking technology

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  • Labson, B Stephen
  • Gooday, Peter

Abstract

In this paper, the adoption of electric arc furnace steelmaking technology is examined within a growth model of technological diffusion. The results indicate that the trend rate of adoption of electric are furnace technology is well represented by the S-shaped growth curve. Further results indicate that the trend rate of adoption is, for the most part, stable with respect to locally changing factors to production, such as input prices and activity levels. It appears that inertial aspects have an overwhelming influence on the diffusion process. PDF

Suggested Citation

  • Labson, B Stephen & Gooday, Peter, 1994. "Factors influencing the diffusion of electric arc furnace steelmaking technology," MPRA Paper 70666, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:70666
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    File URL: https://mpra.ub.uni-muenchen.de/70666/17/MPRA_paper_70666.pdf
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    References listed on IDEAS

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    Cited by:

    1. Ruth, Matthias & Amato, Anthony, 2002. "Vintage structure dynamics and climate change policies: the case of US iron and steel," Energy Policy, Elsevier, vol. 30(7), pages 541-552, June.
    2. José Antonio Moya, 2016. "A Natural Analogy to the Diffusion of Energy-Efficient Technologies," Energies, MDPI, vol. 9(6), pages 1-14, June.
    3. Allan, Corey & Jaffe, Adam B. & Sin, Isabelle, 2014. "Diffusion of Green Technology: A Survey," International Review of Environmental and Resource Economics, now publishers, vol. 7(1), pages 1-33, April.
    4. Stephen Labson, B., 1997. "Changing patterns of trade in the world iron ore and steel market: An econometric analysis," Journal of Policy Modeling, Elsevier, vol. 19(3), pages 237-251, June.
    5. Crompton, Paul, 2001. "The diffusion of new steelmaking technology," Resources Policy, Elsevier, vol. 27(2), pages 87-95, June.
    6. Reppelin-Hill, Valerie, 1999. "Trade and Environment: An Empirical Analysis of the Technology Effect in the Steel Industry," Journal of Environmental Economics and Management, Elsevier, vol. 38(3), pages 283-301, November.
    7. Jongsu Lee & Minkyu Lee, 2009. "Analysis on the growth of telecommunication services: a global comparison of diffusion patterns," Applied Economics, Taylor & Francis Journals, vol. 41(24), pages 3143-3150.
    8. José Antonio Moya, 2017. "Where Diffusion of Clean Technologies and Barriers to Innovation Clash: Application to the Global Diffusion of the Electrical Arc Furnace," Energies, MDPI, vol. 10(1), pages 1-22, January.
    9. Ming-yuan Chen, 2005. "Technology adoption in response to changes in market conditions: Evidence from the US petroleum refining industry," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 14(8), pages 735-756.

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    More about this item

    Keywords

    diffusion; econometric analysis; electric arc furnace technology;
    All these keywords.

    JEL classification:

    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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