 Effects of re-invention on industry growth and productivity: evidence from steel refining technology in Japan, 1957--1968Tsuyoshi Nakamura and Hiroshi Ohashi Economics of Innovation and New Technology, 2012, vol. 21, issue 4, 411-426 Abstract: This paper examines the economic impact of re-invention -- the degree to which an innovation is modified by user -- on industry growth and productivity. The paper focuses on two re-inventions made by a Japanese steel company; these inventions improved the productive efficiency of Austrian-made refining technology, namely basic oxygen furnace (BOF). Results obtained from the plant-level production function estimation indicate that re-inventions account for approximately 30% of the total factor productivity of the BOF, substantially promoting the dissemination of the BOF technology. Our simulation analysis indeed reveals that re-inventions contributed to steel output growth by about 14%. This paper also documents that innovating companies played the role of a ‘lead user’ in developing and disseminating their re-invented technologies. Date: 2012 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:taf:ecinnt:v:21:y:2012:i:4:p:411-426 Ordering information: This journal article can be ordered from DOI: 10.1080/10438599.2011.602538 Access Statistics for this article Economics of Innovation and New Technology is currently edited by Professor Cristiano Antonelli More articles in Economics of Innovation and New Technology from Taylor & Francis Journals |
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