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来源类型Working Paper
规范类型报告
DOI10.3386/w9604
来源IDWorking Paper 9604
Frictionless Technology Diffusion: The Case of Tractors
Rodolfo Manuelli; Ananth Seshadri
发表日期2003-04-07
出版年2003
语种英语
摘要Empirical evidence suggests that there is a long lag between the time a new technology is introduced and the time at which it is widely adopted. The conventional wisdom is that these observations are inconsistent with the predictions of the frictionless neoclassical model. In this paper we show this to be incorrect. Once the appropriate driving forces are taken into account, the neoclassical model can account for slow' adoption. We illustrate this by developing an industry model to study the equilibrium rate of diffusion of tractors in the U.S. between 1910 and 1960.
主题Macroeconomics ; Macroeconomic Models ; Development and Growth ; Innovation and R& ; D
URLhttps://www.nber.org/papers/w9604
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/567228
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GB/T 7714
Rodolfo Manuelli,Ananth Seshadri. Frictionless Technology Diffusion: The Case of Tractors. 2003.
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