Comin, Diego; Hobijn, Bart - National Bureau of Economic Research (NBER) - 2006
We develop and estimate a model where technology diffusion depends on the level of productivity embodied in capital and … where this is, in turn, determined by two key mechanisms: the rate at which the quality embodied in new technology vintages … two effects are related to technology adoption decisions taken at two different levels. The capital goods suppliers%u2019 …