Comparative Analysis of Institutional Elasticity on the Effect of Technology Policy - Comparison of Diffusion Trajectory of PV Technology in Japan, the USA and Europe

Chihiro Watanabe, Behrooz Asgari and Bing Zhu

No 331023, Conference papers from Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project

Abstract: Technological innovation and its diffusion are subject to institutional systems, more specifically, institutional elasticity. Since institution is a coherent entity indigenous to a nation, a comparative analysis of institutional elasticity and its impacts on technological innovation and diffusion could provide significant suggestions to technology policy. Based on this expectation, this paper attempts a comparative analysis of institutional elasticity for maximizing effects of technology policy between Japan, the USA and Europe focusing on energy technology. Through an empirical analysis on the diffusion process of photovoltaic power generation (PV), the following five postulates are demonstrated, thereby suggestive policy implications are extracted: (i) Institutional innovation (institutions play significant role in stimulating innovations and their diffusion); (ii) Functionality development (the state of innovations and their diffusion can be represented by the trends in functionality development); (iii) Institutional elasticity (trends in functionality development is sensitive to institutions, particularly their elasticity); (iv) Dynamic carrying capacity (functionality development can be traced by the trends in dynamic carrying capacity in a logistic technology diffusion process); and (v) Trajectory of PV development (development of the trajectory of PV using logistic growth within a dynamic carrying capacity approach could provide a good insight of institutional elasticity for maximizing the effect of energy technology policy).

Keywords: Research and Development/Tech Change/Emerging Technologies; Research Methods/Statistical Methods (search for similar items in EconPapers)
Pages: 25
Date: 2002
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Persistent link: https://EconPapers.repec.org/RePEc:ags:pugtwp:331023

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