Dynamics of Technological Change and Schemes of Diffusion

Pascal Petit () and Gabriel Tahar

The Manchester School of Economic & Social Studies, 1989, vol. 57, issue 4, 370-86

Abstract: This paper attempts to analyze a technical change at the industry level by rendering explicit the investment behavior of the firms. The authors develop a model based on the assumption that production technology can be either modern or traditional. The probability that a firm modernizes is assumed to be a function of market conditions and of performances of equipments. This behavior, combined with the general movement of investments driven by market prospects, sets the pace and shape of diffusion. Using a simple indicator of modernization, the model is estimated for five OECD countries between 1974 and 1982. Copyright 1989 by Blackwell Publishers Ltd and The Victoria University of Manchester

Date: 1989
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Working Paper: Dynamcis of technological change and schemes of diffusion (1987)
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Persistent link: https://EconPapers.repec.org/RePEc:bla:manch2:v:57:y:1989:i:4:p:370-86

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