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Article: Technology choice and saving in the presence of a fixed adoption cost

TitleTechnology choice and saving in the presence of a fixed adoption cost
Authors
Issue Date2001
PublisherBlackwell Publishing Ltd. The Journal's web site is located at http://www.blackwellpublishing.com/journals/RDE
Citation
Review Of Development Economics, 2001, v. 5 n. 1, p. 40-48 How to Cite?
AbstractThis paper explores the relationship between technology choice and saving in the presence of fixed costs of technology adoption. While richer agents adopt the more productive technology immediately it is available, poorer agents optimally choose to wait before switching to the better technology. In the interim, they save more than others and more than in the absence of the prospect of switching to the new technology. The paper thus provides an explanation for the phenomenon that the saving rate and the growth rate of output increase over time in the transition.
Persistent Identifierhttp://hdl.handle.net/10722/85690
ISSN
2015 Impact Factor: 0.296
2015 SCImago Journal Rankings: 0.331
References

 

DC FieldValueLanguage
dc.contributor.authorLeung, CKYen_HK
dc.contributor.authorTse, CYen_HK
dc.date.accessioned2010-09-06T09:08:04Z-
dc.date.available2010-09-06T09:08:04Z-
dc.date.issued2001en_HK
dc.identifier.citationReview Of Development Economics, 2001, v. 5 n. 1, p. 40-48en_HK
dc.identifier.issn1363-6669en_HK
dc.identifier.urihttp://hdl.handle.net/10722/85690-
dc.description.abstractThis paper explores the relationship between technology choice and saving in the presence of fixed costs of technology adoption. While richer agents adopt the more productive technology immediately it is available, poorer agents optimally choose to wait before switching to the better technology. In the interim, they save more than others and more than in the absence of the prospect of switching to the new technology. The paper thus provides an explanation for the phenomenon that the saving rate and the growth rate of output increase over time in the transition.en_HK
dc.languageengen_HK
dc.publisherBlackwell Publishing Ltd. The Journal's web site is located at http://www.blackwellpublishing.com/journals/RDEen_HK
dc.relation.ispartofReview of Development Economicsen_HK
dc.rightsReview Of Development Economics. Copyright © Blackwell Publishing Ltd.en_HK
dc.titleTechnology choice and saving in the presence of a fixed adoption costen_HK
dc.typeArticleen_HK
dc.identifier.openurlhttp://library.hku.hk:4550/resserv?sid=HKU:IR&issn=1363-6669&volume=5&spage=40&epage=48&date=2001&atitle=Technology+Choice+And+Saving+In+The+Presence+Of+A+Fixed+Adoption+Costen_HK
dc.identifier.emailTse, CY: cytse@hkucc.hku.hken_HK
dc.identifier.authorityTse, CY=rp01099en_HK
dc.description.naturelink_to_subscribed_fulltext-
dc.identifier.doi10.1111/1467-9361.00105-
dc.identifier.scopuseid_2-s2.0-0035105653en_HK
dc.identifier.hkuros60925en_HK
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-0035105653&selection=ref&src=s&origin=recordpageen_HK
dc.identifier.volume5en_HK
dc.identifier.issue1en_HK
dc.identifier.spage40en_HK
dc.identifier.epage48en_HK
dc.publisher.placeUnited Kingdomen_HK
dc.identifier.scopusauthoridLeung, CKY=35728734600en_HK
dc.identifier.scopusauthoridTse, CY=7103295092en_HK

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