Cited by 1,055Economic Growth and ProductivityAgricultural Innovations and PracticesGlobal trade and economics

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Microeconomics of Technology Adoption

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Foster, Andrew D., Rosenzweig, Mark R.·2010·Annual Review of Economics

DOI 10.1146/annurev.economics.102308.124433PMC PMC3876794

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Abstract

Differences in technology levels across countries account for a large component of the differences in wages and per-capita GDP across countries worldwide. This article reviews micro studies of the adoption of new technologies and the use of inputs complementary with new technologies to shed light on the barriers to technology diffusion in low-income countries. Among the factors examined affecting decisions pertaining to technology choice and input allocations are the financial and nonfinancial returns to adoption, one's own learning and social learning, technological externalities, scale economies, schooling, credit constraints, risk and incomplete insurance, and departures from behavioral rules implied by simple models of rationality.

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Authors: Foster, A. D., & Rosenzweig, M. R.
Affiliations: Brown University (US)
Yale University (US)
ORCID: Foster, Andrew D.
Rosenzweig, Mark R.
Venue: Annual Review of Economics
Publisher: Annual Reviews
Published: 2010-09-04
Volume: 2
Issue: 1
Pages: 395-424
ISSN: 1941-1383 (ISSN-L)
1941-1391
DOI: 10.1146/annurev.economics.102308.124433
PMC: PMC3876794
OpenAlex: W2117834723
Cited by: 1,055
References: 45
Citations by year: 2026: 97 · 2025: 93 · 2024: 86 · 2023: 96 · 2022: 85 · 2021: 86 · 2020: 76 · 2019: 79 · 2018: 76 · 2017: 77 · 2016: 46 · 2015: 46 · 2014: 41 · 2013: 31 · 2012: 23
FWCI: 5.84
Type: journal article
Language: en
Open access: green
www.ncbi.nlm.nih.gov
Locations: Annual Review of Economics (publishedVersion)
PubMed (publishedVersion)
PubMed Central (acceptedVersion)
RePEc: Research Papers in Economics (submittedVersion)
Funders: Eunice Kennedy Shriver National Institute of Child Health and Human Development (R24HD041020)
Topics: Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Economic Growth and Productivity
Life Sciences › Agricultural and Biological Sciences › General Agricultural and Biological Sciences › Agricultural Innovations and Practices
Social Sciences › Economics, Econometrics and Finance › General Economics, Econometrics and Finance › Global trade and economics
Keywords: technology adoption, technology diffusion, low-income countries, complementary inputs, social learning, technological externalities, economies of scale, school education, credit constraints, behavioral economics, wage differentials, GDP per capita

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