Adoption Lags, Implementation Gaps, and Economic Growth

Diego Comin and Bart Hobijn

No 440, 2006 Meeting Papers from Society for Economic Dynamics

Abstract: We introduce a model of endogenous growth in which the returns to innovation are determined by the technology adoption decisions of the users of the new innovative technologies. The technology adoption decisions in our model consist of two dimensions. The first is when to adopt a new technology. The second is at what initial productivity level to adopt it and which part of its productivity potential to learn by doing. Our model economy is one with realistic adoption curves for each technology, the shape of which are an important determinant of the return to innovations and thus of economic growth

Keywords: endogenous growth; learning by doing; technology adoption (search for similar items in EconPapers)
JEL-codes: E13 (search for similar items in EconPapers)
Date: 2006
New Economics Papers: this item is included in nep-ino
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Persistent link: https://econpapers.repec.org/RePEc:red:sed006:440

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