Financing Constraints in the Inter Firm Diffusion of New Process Technologies
Alessandra Canepa () and
Paul Stoneman ()
A chapter in Essays in Honor of Edwin Mansfield, 2005, pp 247-257 from Springer
Abstract This paper explores why finance constraints may impact upon the inter firm diffusion of new technology, incorporates these arguments in a hazard rate formulation of a diffusion model and then estimates that model using data relating to the adoption of CNC machine tools in the UK. The results indicate that financial constraints can be a significant factor in the diffusion process.
Keywords: technological diffusion; CNC; financial constraints (search for similar items in EconPapers)
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Journal Article: Financing Constraints in the Inter Firm Diffusion of New Process Technologies (2005)
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-0-387-25022-9_19
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