On the Adoption of New Technologies

Posted: 29 Mar 2016 Last revised: 5 Apr 2016

See all articles by Rajeev K. Goel

Rajeev K. Goel

Illinois State University - Department of Economics

Daniel P. Rich

Illinois State University - Department of Economics

Date Written: 1997

Abstract

We investigate the incentives of private firms to adopt new technologies. Econometric investigation is performed on a pooled sample of individual US airline firms over the period 1971 to 1986 for which extensive information on available jet aircraft technology and fleet choice have been recorded. Given the incidence of successive commercial aircraft innovations and variation in production attributes across firms, we are able to consider a wider array of 'time-dependent' and 'time-independent' adoption influences than in previous firm-level studies. To the extent that our study provides useful general insights into adoption decisions by firms, the results have implications for US global competitiveness policy. One key finding is that firms subject to increased product market competition exhibit a higher propensity to adopt technological innovations.

Suggested Citation

Goel, Rajeev K. and Rich, Daniel P., On the Adoption of New Technologies (1997). Applied Economics, Vol. 29, No. 4, p. 513, 1997. Available at SSRN: https://ssrn.com/abstract=2755717

Rajeev K. Goel (Contact Author)

Illinois State University - Department of Economics ( email )

Normal, IL 61790-4200
United States

Daniel P. Rich

Illinois State University - Department of Economics ( email )

Normal, IL 61790-4200
United States
309-438-7647 (Phone)

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