We introduce a tractable model of endogenous growth in which the returns to innovation are determined by the technology … adoption decisions of the users of new technologies. Technology adoption involves an implementation investment that determines … the initial productivity of a new technology. After implementation, learning increases the productivity of a technology to …

We introduce a tractable model of endogenous growth in which the returns to innovation are determined by the technology … adoption decisions of the users of new technologies. Technology adoption involves an implementation investment that determines … the initial productivity of a new technology. After implementation, learning increases the productivity of a technology to …

This paper estimates the impact of technology sophistication pre-COVID-19 on the performance of firms during the early … mediation framework to decompose the results into a direct and an indirect effect. Increasing pre-pandemic technology … estimates of the reduction in sales for firms with more sophisticated pre-pandemic technology. Our results are robust to …

novel "facts" about how establishments use technology, the sourcing of business functions, the specialization of … establishments from a task perspective, the measurement of technology, and the relationship between technology sophistication and … productivity across establishments. We find that differences in technology sophistication account for 31% of cross …

This chapter discusses different approaches pursued to explore three broad questions related to technology diffusion … drivers of technology?; and what are the macroeconomic consequences of technology? We prioritize in our discussion unified … approaches to these three questions that are based on direct measures of technology. …

Variation in technology adoption is a key driver of differences in productivity. Previous studies sought to explain … variations in technology adoption by heterogeneity in profitability, costs of adoption, or other factors. Less is known about how … adoption is affected by bias in the perceived skill to implement the technology. We develop a Bayesian framework in which the …

sample of firms in Vietnam, Senegal, and the Brazilian state of Ceara. The analysis finds a large variance in technology … sophistication across the business functions of a firm. The within-firm variance in technology sophistication is greater than the … countries. The paper documents a stable cross-firm relationship between technology at the business function and firm levels …