Adoption of New Technology

By Bronwyn H Hall, B. Khan. 2003

636 citations recorded by the source corpus.

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.

Subfields: Economics and Econometrics, Management Science and Operations Research

View Paper: https://www.semanticscholar.org/paper/389c312f75ad604a840674172984ed9bb2e6a6da

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Citations in the corpus

Innovation, SMEs and the liability of distance: the demand and supply of bank funding in UK peripheral regions (2016, background): “Others have suggested that process innovation, which often requires substantial levels of capital investment, will also require recourse to external finance (Hall and Khan, 2003).”
Coordinating and competing in ecosystems: How organizational forms shape new technology investments (2013, background): “We examine the implications of these organizational choices on an important type of strategic investment decision: the firm’s decision to invest in a new technology (Dixit and Pindyck, 1994; Hall and Khan, 2003; Lieberman and Montgomery, 1988; McGrath, 1997).”
How can micro and small enterprises in Sub-Saharan Africa become more productive? the impacts of experimental basic managerial training (2011, background): “According to the literature on technology diffusion, the same technology is adopted by different adopters several years apart, and a major explanation for such a phenomenon is that different adopters put different values on the new technology (e.g., Hall and Khan 2003).”
Cross-country differences in ICT adoption: A consequence of Culture? (2006, background): “…degree of openness to trade, human capital endowment, post introduction improvements, growth of the economy, and level of income as the major economic factors determining the adoption decisions (Comin and Hobijn, 2003; Hall and Khan, 2003; Pohjola, 2003; Caselli and Coleman, 2001; Rosenberg, 1972).”
Teaching locals new tricks: Foreign experts as a channel of knowledge transfers (2007, neutral): “Other empirical literature has documented that local firms and their managers often get their start as employees of multinational firms (Katz 1987, Hobday 1995, Hall and Khan 2003).”