Factors Influencing the Diffusion of Electric Arc Furnace Steelmaking Technology.

Applied Economics 02/1994; 26(9):917-25. DOI: 10.1080/00036849400000053
Source: RePEc

ABSTRACT In this paper, the adoption of electric arc furnace steelmaking technology is examined within a growth model of technological diffusion. The results indicate that the trend rate of adoption of electric are furnace technology is well represented by the S-shaped growth curve. Further results indicate that the trend rate of adoption is, for the most part, stable with respect to locally changing factors to production, such as input prices and activity levels. It appears that inertial aspects have an overwhelming influence on the diffusion process.

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