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Adoption of New Technology

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  • Bronwyn H. Hall

    (Department of Economics, University of California, Berkeley)

  • Beethika Khan

    (Department of Economics, University of California, Berkeley)

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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Bibliographic Info

Paper provided by EconWPA in its series Development and Comp Systems with number 0401001.

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Length: 27 pages
Date of creation: 09 Jan 2004
Date of revision:
Handle: RePEc:wpa:wuwpdc:0401001

Note: 27 pages, Acrobat .pdf
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Web page: http://128.118.178.162

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