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Economics of localized technological change: a model of creative adoption

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Author Info
Antonelli Cristiano () (University of Turin)

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Abstract

The traditional divide between innovation, adoption and imitation is questioned in the context of the economics of localized technological change. Firms are induced to change their technology when product and factor markets conditions do not meet their expectations and irreversible choices make adjustments expensive. Technological change is the result of the combination of research and search activities that lead to both the introduction of new technologies and to imitative adoptions. Both command resources and engender specific revenues. Localized technological change consists of creative adoption where external knowledge and embodied technologies are implemented with internal competence and idiosyncratic knowledge acquired by means of learning processes. The identification of the net profitability of adoption as defined by the gross profitability of adoption minus adoption costs contributes the economics of technological change. The analysis of the evolution of the net profitability of adoption in the context of the economics of localized technological change shows that the dynamics of creative adoption is able to generate a s-shaped diffusion path at the aggregate level.

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File URL: http://www.de.unito.it/web/member/segreteria/WP/Momigliano/2004/3_WP_Momigliano.pdf
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Publisher Info
Paper provided by University of Turin in its series Dipartimento di Economia "S. Cognetti de Martiis" LEI & BRICK - Laboratorio di economia dell'innovazione "Franco Momigliano", Bureau of Research in Innovation, Complexity and Knowledge, Collegio Carlo Alberto. WP series with number 200403.

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Length: 34 pages
Date of creation: Mar 2004
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Handle: RePEc:uto:labeco:200403

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  1. Faria, Ana & Fenn, Paul & Bruce, Alistair, 2003. " A Count Data Model of Technology Adoption," The Journal of Technology Transfer, Springer, vol. 28(1), pages 63-79, January. [Downloadable!] (restricted)
  2. David, Paul A, 1990. "The Dynamo and the Computer: An Historical Perspective on the Modern Productivity Paradox," American Economic Review, American Economic Association, vol. 80(2), pages 355-61, May. [Downloadable!] (restricted)
  3. Ana Faria & Paul Fenn & Alistair Bruce, 2002. "Determinants Of Adoption Of Flexible Production Technologies: Evidence From Portuguese Manufacturing Industry," Economics of Innovation and New Technology, Taylor and Francis Journals, vol. 11(6), pages 569-580, January. [Downloadable!] (restricted)
  4. Geroski, P. A., 2000. "Models of technology diffusion," Research Policy, Elsevier, vol. 29(4-5), pages 603-625, April. [Downloadable!] (restricted)
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  5. David J. Teece, 2005. "Technology and Technology Transfer:Mansfieldian Inspirations and Subsequent Developments," The Journal of Technology Transfer, Springer, vol. 30(2_2), pages 17-33, 01. [Downloadable!]
  6. David, Paul A, 1985. "Clio and the Economics of QWERTY," American Economic Review, American Economic Association, vol. 75(2), pages 332-37, May. [Downloadable!] (restricted)
  7. A. Canepa & P. Stoneman, 2004. "Comparative international diffusion: Patterns, determinants and policies," Economics of Innovation and New Technology, Taylor and Francis Journals, vol. 13(3), pages 279-298, April. [Downloadable!] (restricted)
  8. Margaret Smith, 2004. "A model of the linked adoption of complementary technologies," Economics of Innovation and New Technology, Taylor and Francis Journals, vol. 13(1), pages 91-99, January. [Downloadable!] (restricted)
  9. J.S. Metcalfe, 2005. "Ed Mansfield and the Diffusion of Innovation: An Evolutionary Connection," The Journal of Technology Transfer, Springer, vol. 30(2_2), pages 171-181, 01. [Downloadable!]
  10. Katz, Michael L & Shapiro, Carl, 1986. "Technology Adoption in the Presence of Network Externalities," Journal of Political Economy, University of Chicago Press, vol. 94(4), pages 822-41, August. [Downloadable!] (restricted)
  11. Daniel K.N. Johnson, 2002. ""Learning-by-Licensing": R&D and Technology Licensing in Brazilian Invention," Economics of Innovation and New Technology, Taylor and Francis Journals, vol. 11(3), pages 163-177, January. [Downloadable!] (restricted)
  12. Atkinson, Anthony B & Stiglitz, Joseph E, 1969. "A New View of Technological Change," Economic Journal, Royal Economic Society, vol. 79(315), pages 573-78, September. [Downloadable!] (restricted)
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  1. Davide Consoli, 2005. "Changing boundaries and structure of a technological system: lessons from UK retail banking," Industrial Organization 0506006, EconWPA. [Downloadable!]
  2. Davide Consoli, 2005. "Changing boundaries and structure of a technological system: lessons from UK retail banking," Development and Comp Systems 0506004, EconWPA. [Downloadable!]
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