Theoretical and Empirical Literature on Diffusion: A Move Towards a Broader Perspective

Claude Diebolt, Tapas Mishra and Mamata Parhi

Chapter Chapter 2 in Dynamics of Distribution and Diffusion of New Technology, 2016, pp 15-44 from Springer

Abstract: Abstract Diffusion of new technologies broadly refers to the mechanism or process that spreads the improved technologies across socio-economic structure such as individuals, firms, or societies. It has been rightfully pointed out that the process of ‘diffusion’ is a quintessential part in innovation since without being widely circulated the new technology would have little productive or socio-economic significance. In many ways, understanding the mechanisms by which innovations are being adopted among a group of firms or individuals also renders insights as to how firms and other agents pursue innovative activities (viz., launching new products or creating new processes) to generate higher economic and social welfare as the learning and feedback effects which arise during the process of adoption enhance the original innovation (Hall 2004). Thus, the process of adoption/diffusion is not only significant in itself due to its impacts but is also instrumental in triggering further improvements in technology that leads to higher innovation at large.

Keywords: Knowledge Spillover; Epidemic Model; Technology Adoption; Innovative Activity; Industrial District (search for similar items in EconPapers)
Date: 2016
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DOI: 10.1007/978-3-319-32744-0_2

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