Adoption of New Technology

21 Pages Posted: 26 May 2003 Last revised: 4 Aug 2021

See all articles by Bronwyn H. Hall

Bronwyn H. Hall

University of California at Berkeley; National Bureau of Economic Research (NBER); Institute for Fiscal Studies (IFS); Max Planck Institute for Innovation and Competition

Beethika Khan

National Science Foundation

Date Written: May 2003

Abstract

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.

Suggested Citation

Hall, Bronwyn H. and Khan, Beethika, Adoption of New Technology (May 2003). NBER Working Paper No. w9730, Available at SSRN: https://ssrn.com/abstract=410656

Bronwyn H. Hall (Contact Author)

University of California at Berkeley ( email )

549 Evans Hall #3880
Berkeley, CA 94720-3880
United States

HOME PAGE: http://emlab.berkeley.edu/users/bhhall/index.html

National Bureau of Economic Research (NBER)

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Cambridge, MA 02138
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Institute for Fiscal Studies (IFS)

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Max Planck Institute for Innovation and Competition

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Germany

Beethika Khan

National Science Foundation ( email )

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Suite 965
Arlington, VA 22230
United States
(703) 292 4669 (Phone)

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