How<\/big> long does it take the average country to adopt a typical technology? The surprising answer: nearly half a century, or 47 years. “There is, however, substantial variation in these lags, both across countries and across technologies,” write HBS professor Diego A. Comin and colleague Bart Hobijn of the Federal Reserve Bank of New York.<\/p>\n
They discuss two questions: \u2018What are the key economic aspects that differ across technologies that influence the speed of diffusion?\u2019 and \u2018What are the key cross-country differences in endowments, institutions, and policies that impinge on technology diffusion?\u2019 Here is their paper<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" How long does it take the average country to adopt a typical technology? The surprising answer: nearly half a century, or 47 years. “There is, however, substantial variation in these lags, both across countries and across technologies,” write HBS professor … Continue reading