The diffusion of novel technologies plays a crucial role in stimulating economic growth, but when a novel technology appears it is difficult to predict its later diffusion trajectory in terms of follow-on inventions. This column shows how the antecedents of a novel technology characterise its diffusion pattern by identifying the diffusion trajectories for a large sample of novel technologies using large-scale patent information. Riskier types of novel technologies, while having a larger technological impact, are taken up more slowly.
|Media of output||Blog|
|Publication status||Published - 3 Sep 2019|
Pezzoni, M. (Author), Veugelers, R. (Author), & Visentin, F. (Author). (2019). Technology diffusion trajectories: New evidence. Web publication/site, CEPR. https://voxeu.org/article/technology-diffusion-trajectories-new-evidence