IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/70666.html
   My bibliography  Save this paper

Factors influencing the diffusion of electric arc furnace steelmaking technology

Author

Listed:
  • Labson, B Stephen
  • Gooday, Peter

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. PDF

Suggested Citation

  • Labson, B Stephen & Gooday, Peter, 1994. "Factors influencing the diffusion of electric arc furnace steelmaking technology," MPRA Paper 70666, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:70666
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/70666/17/MPRA_paper_70666.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Bewley, Ronald & Fiebig, Denzil G., 1988. "A flexible logistic growth model with applications in telecommunications," International Journal of Forecasting, Elsevier, vol. 4(2), pages 177-192.
    2. Breusch, T S & Pagan, A R, 1979. "A Simple Test for Heteroscedasticity and Random Coefficient Variation," Econometrica, Econometric Society, vol. 47(5), pages 1287-1294, September.
    3. Engle, Robert F., 1984. "Wald, likelihood ratio, and Lagrange multiplier tests in econometrics," Handbook of Econometrics, in: Z. Griliches† & M. D. Intriligator (ed.), Handbook of Econometrics, edition 1, volume 2, chapter 13, pages 775-826, Elsevier.
    4. Mary K. Knudson, 1991. "Incorporating Technological Change in Diffusion Models," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 73(3), pages 724-733.
    5. Nelson, Charles R & Kang, Heejoon, 1984. "Pitfalls in the Use of Time as an Explanatory Variable in Regression," Journal of Business & Economic Statistics, American Statistical Association, vol. 2(1), pages 73-82, January.
    6. Amemiya, Takeshi, 1980. "Selection of Regressors," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 21(2), pages 331-354, June.
    7. Dixon, Robert J, 1980. "Hybrid Corn Revisited," Econometrica, Econometric Society, vol. 48(6), pages 1451-1461, September.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Ruth, Matthias & Amato, Anthony, 2002. "Vintage structure dynamics and climate change policies: the case of US iron and steel," Energy Policy, Elsevier, vol. 30(7), pages 541-552, June.
    2. José Antonio Moya, 2016. "A Natural Analogy to the Diffusion of Energy-Efficient Technologies," Energies, MDPI, vol. 9(6), pages 1-14, June.
    3. Allan, Corey & Jaffe, Adam B. & Sin, Isabelle, 2014. "Diffusion of Green Technology: A Survey," International Review of Environmental and Resource Economics, now publishers, vol. 7(1), pages 1-33, April.
    4. Stephen Labson, B., 1997. "Changing patterns of trade in the world iron ore and steel market: An econometric analysis," Journal of Policy Modeling, Elsevier, vol. 19(3), pages 237-251, June.
    5. Jongsu Lee & Minkyu Lee, 2009. "Analysis on the growth of telecommunication services: a global comparison of diffusion patterns," Applied Economics, Taylor & Francis Journals, vol. 41(24), pages 3143-3150.
    6. José Antonio Moya, 2017. "Where Diffusion of Clean Technologies and Barriers to Innovation Clash: Application to the Global Diffusion of the Electrical Arc Furnace," Energies, MDPI, vol. 10(1), pages 1-22, January.
    7. Crompton, Paul, 2001. "The diffusion of new steelmaking technology," Resources Policy, Elsevier, vol. 27(2), pages 87-95, June.
    8. Reppelin-Hill, Valerie, 1999. "Trade and Environment: An Empirical Analysis of the Technology Effect in the Steel Industry," Journal of Environmental Economics and Management, Elsevier, vol. 38(3), pages 283-301, November.
    9. Ming-yuan Chen, 2005. "Technology adoption in response to changes in market conditions: Evidence from the US petroleum refining industry," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 14(8), pages 735-756.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Yuri Peers & Dennis Fok & Philip Hans Franses, 2012. "Modeling Seasonality in New Product Diffusion," Marketing Science, INFORMS, vol. 31(2), pages 351-364, March.
    2. Oliver Linton & Douglas Steigerwald, 2000. "Adaptive testing in arch models," Econometric Reviews, Taylor & Francis Journals, vol. 19(2), pages 145-174.
    3. Al-Alawi, Baha M. & Bradley, Thomas H., 2013. "Review of hybrid, plug-in hybrid, and electric vehicle market modeling Studies," Renewable and Sustainable Energy Reviews, Elsevier, vol. 21(C), pages 190-203.
    4. Adrian C. Darnell, 1994. "A Dictionary Of Econometrics," Books, Edward Elgar Publishing, number 118.
    5. Torshizi, Mohammad & Gray, Richard, 2022. "Adaptability and variety adoption: Implications for plant breeding policy in a changing climate," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 66(04), January.
    6. Wooldridge, Jeffrey M., 1990. "A Unified Approach to Robust, Regression-Based Specification Tests," Econometric Theory, Cambridge University Press, vol. 6(1), pages 17-43, March.
    7. Bollerslev, Tim & Engle, Robert F. & Nelson, Daniel B., 1986. "Arch models," Handbook of Econometrics, in: R. F. Engle & D. McFadden (ed.), Handbook of Econometrics, edition 1, volume 4, chapter 49, pages 2959-3038, Elsevier.
    8. Luc Anselin, 1988. "Model Validation in Spatial Econometrics: A Review and Evaluation of Alternative Approaches," International Regional Science Review, , vol. 11(3), pages 279-316, December.
    9. Russell Davidson & Victoria Zinde‐Walsh, 2017. "Advances in specification testing," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 50(5), pages 1595-1631, December.
    10. Dastoor, Naorayex, 2009. "The perceived framework of a classical statistic: Is the non-invariance of a Wald statistic much ado about null thing?," Working Papers 2009-25, University of Alberta, Department of Economics.
    11. Wooldridge, Jeffrey M., 1991. "On the application of robust, regression- based diagnostics to models of conditional means and conditional variances," Journal of Econometrics, Elsevier, vol. 47(1), pages 5-46, January.
    12. Charles G. Renfro, 2009. "The Practice of Econometric Theory," Advanced Studies in Theoretical and Applied Econometrics, Springer, number 978-3-540-75571-5.
    13. Bewley, Ronald & Griffiths, William E., 2003. "The penetration of CDs in the sound recording market: issues in specification, model selection and forecasting," International Journal of Forecasting, Elsevier, vol. 19(1), pages 111-121.
    14. Hideki Murakami & Yukari Matsuse & Koji Mukaigawa & Yushi Tsunoda, 2013. "Product lifecycle and choice of transportation modes: Japan' s evidence of import and export," Discussion Papers 2013-28, Kobe University, Graduate School of Business Administration.
    15. Nathaniel Geiger & Bryan McLaughlin & John Velez, 2021. "Not all boomers: temporal orientation explains inter- and intra-cultural variability in the link between age and climate engagement," Climatic Change, Springer, vol. 166(1), pages 1-20, May.
    16. Michelacci, Claudio & Zaffaroni, Paolo, 2000. "(Fractional) beta convergence," Journal of Monetary Economics, Elsevier, vol. 45(1), pages 129-153, February.
    17. Desbordes, Rodolphe, 2007. "The sensitivity of U.S. multinational enterprises to political and macroeconomic uncertainty: A sectoral analysis," International Business Review, Elsevier, vol. 16(6), pages 732-750, December.
    18. Zsuzsa Lábiscsák-Erdélyi & Ilona Veres-Balajti & Annamária Somhegyi & Karolina Kósa, 2022. "Self-Esteem Is Independent Factor and Moderator of School-Related Psychosocial Determinants of Life Satisfaction in Adolescents," IJERPH, MDPI, vol. 19(9), pages 1-14, May.
    19. Grzegorz Rybak & Edward Kozłowski & Krzysztof Król & Tomasz Rymarczyk & Agnieszka Sulimierska & Artur Dmowski & Piotr Bednarczuk, 2023. "Algorithms for Optimizing Energy Consumption for Fermentation Processes in Biogas Production," Energies, MDPI, vol. 16(24), pages 1-17, December.
    20. David Genesove & Christopher Mayer, 2001. "Loss Aversion and Seller Behavior: Evidence from the Housing Market," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 116(4), pages 1233-1260.

    More about this item

    Keywords

    diffusion; econometric analysis; electric arc furnace technology;
    All these keywords.

    JEL classification:

    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:70666. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.