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A Model for Evaluating the Incidence of Macroeconomic Variables in the Analysis of Technological Decisions

In: Technology Generation in Latin American Manufacturing Industries

Author

Listed:
  • Adolfo Canitrot

Abstract

This chapter presents a microeconomic model of entrepreneurial behaviour concerning the adoption of new technology. The model is based upon the assumption that firms behave rationally, with the objective of maximizing long-term profits. Such rational behaviour is constrained by restrictions emerging from the physical and technical features of the production process and by the economic circumstances — whether from the firm itself or from the overall environment — the enterprise has to confront through time. In other words, the firm’s rational behaviour is constrained by engineering micro and macroeconomic forces.

Suggested Citation

  • Adolfo Canitrot, 1987. "A Model for Evaluating the Incidence of Macroeconomic Variables in the Analysis of Technological Decisions," Palgrave Macmillan Books, in: Jorge M. Katz (ed.), Technology Generation in Latin American Manufacturing Industries, chapter 16, pages 499-534, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-07210-1_17
    DOI: 10.1007/978-1-349-07210-1_17
    as

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