文档介绍：本科毕业论文外文翻译
外文题目: Technological Diffusion and Investment Behaviour:The Case of the Textile Industry
出处: Review of World Economics, 1989, Volume 125, Number 4, Pages 782-803
作者: Cristiano Antonelli, Pascal Petit and Gabriel Tahar
原文:
Technological Diffusion and Investment Behaviour: The Case of the Textile Industry
I Introduction
The diffusion of technological innovation incorporated in new capital goods is the result of investment decisions which are influenced by two classes of factors: the characteristics of the innovation and the macro- economic environment in which the adopters operate. Our aim in this paper is to explain the role played by these factors in the adoption process at industry level.
The macro-economic environment, in which firms operate, refers to such factors as demand trends, relative production costs and petitiveness.
Technological factors refer, on the one hand, to the capacities of the new machines (or their expected profitability) and, on the other hand, to the availability of information and of the know-how to which the users must have access. Stickiness of information and rigidity of learning processes generate asymmetries between firms, bine with structural differences to determine adoption and diffusion processes.
The international diffusion of shuttleless looms in the cotton weaving industry in the late seventies and early eighties seems to provide evidence of the joint effect played in their adoption by these two classes of factors, ., the technological and macro-economic context of investment. The cotton weaving industry, in fact, has been faced by dramatic changes in the distribution of market shares, with the major decline of old industrialized countries and the upsurge of newly industrializing ones. At the same time, rates of the adoption of modem capital goods occurred at varying rythms in both new and old industrialized countries.
This paper analyzes such technological diffusion as being the result of a sequen