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Technology diffusion trajectories: New evidence

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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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Original languageEnglish
PublisherCEPR
Media of outputBlog
Publication statusPublished - 3 Sep 2019