Effects of Technology Adoption on Productivity and Industry Growth: A Study of Steel Refining Furnaces

30 Pages Posted: 12 Nov 2008

See all articles by Tsuyoshi Nakamura

Tsuyoshi Nakamura

affiliation not provided to SSRN

Hiroshi Ohashi

University of Tokyo - Faculty of Economics

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.

Suggested Citation

NAKAMURA, TSUYOSHI and Ohashi, Hiroshi, Effects of Technology Adoption on Productivity and Industry Growth: A Study of Steel Refining Furnaces. The Journal of Industrial Economics, Vol. 56, Issue 3, pp. 470-499, September 2008, Available at SSRN: https://ssrn.com/abstract=1299275 or http://dx.doi.org/10.1111/j.1467-6451.2008.00355.x

TSUYOSHI NAKAMURA (Contact Author)

affiliation not provided to SSRN

Hiroshi Ohashi

University of Tokyo - Faculty of Economics ( email )

7-3-1 Hongo, Bunkyo-ku
Tokyo 113-0033
Japan

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