Technological Progress, Investment and Diffusion
The thrust of this paper is to argus that technological advance is a neglected but important influence on the level of investment expenditure. The importance of changes in technology in the investment decision has recently merited the attention of Hicks (1977) and is of course very much in the tradition of Schumpeter (1934), but the majority of the recent theoretical and empirical literature in the field ignores it. We show that new technology is a quantitatively important factor in the investment decision, and thus ought to be incorporated into studies of investment. It is also shown that by turning to the literatire on the microeconomics of technical change, one can gain a number if insights into this and other aspects of the investment decision.
To our knowledge, this item is not available for
download. To find whether it is available, there are three
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
|Date of creation:||1978|
|Date of revision:|
|Contact details of provider:|| Postal: CV4 7AL COVENTRY|
Phone: +44 (0) 2476 523202
Fax: +44 (0) 2476 523032
Web page: http://www2.warwick.ac.uk/fac/soc/economics/
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:wrk:warwec:126. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Robyn Till)
If references are entirely missing, you can add them using this form.