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Adoption Lags, Implementation Gaps, and Economic Growth

Author

Listed:
  • Diego Comin
  • Bart Hobijn

    (Microeconomic and Regional Studies Fnct Federal Reserve Bank of New York)

Abstract

We introduce a model of endogenous growth in which the returns to innovation are determined by the technology adoption decisions of the users of the new innovative technologies. The technology adoption decisions in our model consist of two dimensions. The first is when to adopt a new technology. The second is at what initial productivity level to adopt it and which part of its productivity potential to learn by doing. Our model economy is one with realistic adoption curves for each technology, the shape of which are an important determinant of the return to innovations and thus of economic growth

Suggested Citation

  • Diego Comin & Bart Hobijn, 2006. "Adoption Lags, Implementation Gaps, and Economic Growth," 2006 Meeting Papers 440, Society for Economic Dynamics.
    • Handle: RePEc:red:sed006:440
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    More about this item

    Keywords

    endogenous growth; learning by doing; technology adoption;
    All these keywords.

    JEL classification:

    • E13 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Neoclassical

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