The Diffusion of New Technology

Paul Stoneman and Giuliana Battisti

Chapter Chapter 17 in Handbook of the Economics of Innovation, 2010, vol. 2, pp 733-760 from Elsevier

Abstract: Technological diffusion is defined widely as the process by which the market for a new technology changes over time and from which production and usage patterns of new products and production processes result. This chapter looks at both the demand and supply sides of this process at differing levels of aggregation, from the worldwide to the interfirm or household level, via consideration of intensive and extensive margins. Realized diffusion patterns are discussed and theoretical underpinnings of the diffusion process explored. Econometric models, data availability, and estimation are also considered although there is little attempt to be comprehensive re the latter given existing surveys. Diffusion policy is also addressed and some comments on future research directions offered.

Keywords: diffusion policy; extensive margin; innovation; intensive margin; new processes; new products; technological diffusion (search for similar items in EconPapers)
JEL-codes: O33 (search for similar items in EconPapers)
Date: 2010
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (35)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:haechp:v2_733

DOI: 10.1016/S0169-7218(10)02001-0

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