Technology diffusion trajectories: New evidence

Michele Pezzoni; Reinhilde Veugelers; Fabiana Visentin

Technology diffusion trajectories: New evidence

Michele Pezzoni
, Reinhilde Veugelers
, Fabiana Visentin

Research output: Non-textual / digital / web - outputs › Web publication/site › Academic

Abstract

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.

Original language	English
Publisher	CEPR
Media of output	Blog
Publication status	Published - 3 Sept 2019

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https://voxeu.org/article/technology-diffusion-trajectories-new-evidence

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title = "Technology diffusion trajectories: New evidence",

abstract = "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.",

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Technology diffusion trajectories: New evidence

Abstract

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