Intra-plant diffusion of new technology: Role of productivity in the study of steel refining furnaces
Tsuyoshi Nakamura and
Hiroshi Ohashi ()
Research Policy, 2012, vol. 41, issue 4, 770-779
This paper examines intra-plant diffusion of new technology in the Japanese steel industry. The introduction of the basic oxygen furnace (BOF) was the greatest breakthrough in steel refining in the last century. Using unique panel data, the paper estimates total factor productivity by technology type, and associates the estimates with intra-plant diffusion. The paper finds that intra-plant diffusion accounts for about a half of the industry productivity growth. Large plants are likely to adopt the new technology earlier, but retain the old technology longer, than their smaller counterparts.
Keywords: Intra-plant diffusion; Total factor productivity; Innovation; Technological change (search for similar items in EconPapers)
JEL-codes: D24 L61 O14 O33 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:respol:v:41:y:2012:i:4:p:770-779
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