Technology adoption and LDC firms |
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| Authors: | Sugata Marjit Hamid Beladi |
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| Institution: | a Center for Studies in Social Sciences, Calcutta, India;b Department of Economics and Finance, University of Dayton, U.S.A. |
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| Abstract: | In a duopoly framework we show that among the set of firms competing with the technology leader, both relatively advanced and relatively backward firms will not be likely adopters of the superior technology. Instead, the firms in the “middle” will invest for adopting the superior technology. This particularly characterizes the innovation characteristic of LDC markets where backward firms exist along with technology super-powers. |
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| Keywords: | R& D innovation technology leader strategy |
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