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Effects Of Technology Adoption On Productivity And Industry Growth: A Study Of Steel Refining Furnaces

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  • TSUYOSHI NAKAMURA
  • HIROSHI OHASHI

Abstract

This paper examines the impact of new technology on plant‐level productivity in the Japanese steel industry during the 1950's and 1960's. We estimate the production function, considering the differences in technology between the refining furnaces owned by a plant. We find that a more productive plant was likely to adopt the new technology and that the adoption would be expected to occur immediately following the peak of the productivity level achieved with the old technology. The adoption of the new technology primarily accounted not only for the industry's productivity slowdown but also for the industry's remarkable growth.

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  • Tsuyoshi Nakamura & Hiroshi Ohashi, 2008. "Effects Of Technology Adoption On Productivity And Industry Growth: A Study Of Steel Refining Furnaces," Journal of Industrial Economics, Wiley Blackwell, vol. 56(3), pages 470-499, September.
    • Handle: RePEc:bla:jindec:v:56:y:2008:i:3:p:470-499
    DOI: 10.1111/j.1467-6451.2008.00355.x
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    Cited by:

    1. Tsuyoshi Nakamura & Hiroshi Ohashi, 2011. "Matrix Exponential Stochastic Volatility with Cross Leverage," CIRJE F-Series CIRJE-F-813, CIRJE, Faculty of Economics, University of Tokyo.
    2. Malein, Viktor (Малеин, Виктор) & Ponomarev, Yuriy (Пономарев, Юрий), 2019. "Analysis of Impact of New Technologies in Metallurgy on the Industry Production Function and Total Factor Productivity [Совокупная Факторная Производительность В Черной Металлургии: Влияние Новых Т," Economic Policy, Russian Presidential Academy of National Economy and Public Administration, vol. 3, June.
    3. Shuhei Aoki & Julen Esteban-Pretel & Tetsuji Okazaki & Yasuyuki Sawada, 2009. "The Role of the Government in Facilitating TFP Growth during Japan's Rapid Growth Era," CIRJE F-Series CIRJE-F-622, CIRJE, Faculty of Economics, University of Tokyo.
    4. Jankowski, Krzysztof Józef & Dubis, Bogdan & Sokólski, Mateusz Mikołaj & Załuski, Dariusz & Bórawski, Piotr & Szempliński, Władysław, 2019. "Biomass yield and energy balance of Virginia fanpetals in different production technologies in north-eastern Poland," Energy, Elsevier, vol. 185(C), pages 612-623.

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