Factors Influencing the Diffusion of Electric Arc Furnace Steelmaking Technology.

Article (PDF Available)inApplied Economics 26(9):917-25 · February 1994with22 Reads
DOI: 10.1080/00036849400000053 · Source: RePEc
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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Available from: Stephen Labson, Apr 11, 2016
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