Skip to main content

The Determinants of Technology Diffusion: Evidence from the UK Financial Sector

Buy Article:

$51.00 plus tax (Refund Policy)


We investigate the role of firm- and industry-specific factors in the diffusion of automated teller machines in the UK financial sector. A duration model of technology adoption is employed in the empirical modelling and is applied to an annual panel of adoption histories over the period 1972–97. The main factors affecting the diffusion of new technology are found to be endogenous learning, cumulative learning-by-doing effects, firm size, growth and profitability, and price expectations. There is little evidence, however, to support the role of stock effects in the diffusion process. The results are found to be robust across a number of specifications of the baseline hazard function.

Document Type: Original Article


Affiliations: Department of Economics, Loughborough University

Publication date: March 1, 2002

Access Key

Free Content
Free content
New Content
New content
Open Access Content
Open access content
Partial Open Access Content
Partial Open access content
Subscribed Content
Subscribed content
Free Trial Content
Free trial content
Cookie Policy
Cookie Policy
Ingenta Connect website makes use of cookies so as to keep track of data that you have filled in. I am Happy with this Find out more