The Diffusion of Innovations: Some Reflections |
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Authors: | Paul Stoneman |
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Institution: | 1. Warwick Business School, University of Warwick, Coventry, UKpaul.stoneman@warwick.ac.uk |
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Abstract: | AbstractThis paper discusses a number of interrelated topics relating to the economics of innovation diffusion that merit further research and study. These topics encompass: how innovations are not just technological, may be horizontal or vertical, and may develop over time; the role in the diffusion process of complementarities across and substitutability between different technologies and innovations; how the many different sources of innovation other than R&D are given insufficient attention in the literature; the international dimensions of the diffusion process with emphasis on cross-country effects; the role played by different market structures in the industries supplying goods embodying new technologies; the imbalance in the relative emphases upon intra- and intra-firm diffusion in the existing diffusion literature; the need for more research on the relationship between firm performance and the diffusion of innovations, and government policy on diffusion. |
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Keywords: | Complementarities Diffusion Firm Performance Sources of Innovation International Aspects Intra Firm vs Inter Firm Policy Supply-Side Evolution |
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