Journal Article

Technology Adoption and the Investment Climate: Firm-Level Evidence for Eastern Europe and Central Asia

Paulo G. Correa, Ana M. Fernandes and Chris J. Uregian

in The World Bank Economic Review

Volume 24, issue 1, pages 121-147
Published in print February 2010 | ISSN: 0258-6770
Published online January 2010 | e-ISSN: 1564-698X | DOI: http://dx.doi.org/10.1093/wber/lhp021
Technology Adoption and the Investment Climate: Firm-Level Evidence for Eastern Europe and Central Asia

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Survey data for 7,000 firms in 28 countries in Eastern Europe and Central Asia are used to examine the correlates of technology adoption proxied by ISO certification and web use. Complementary inputs such as skilled labor, managerial capacity, research and development, finance, and good infrastructure are shown to be important correlates of technology adoption. The link between market incentives and technology adoption is more nuanced. While stronger consumer pressure is significantly associated with technology adoption, competitor pressure is not, suggesting that in developing economies where many input markets are imperfect, it is primarily firms with rents that are able to adopt new technology. Foreign-owned firms exhibit significantly better technology adoption outcomes, but privatized firms with domestic owners do not.

Keywords: F1; F2; O3

Journal Article.  9383 words.  Illustrated.

Subjects: International Trade ; International Factor Movements and International Business ; Technological Change; Research and Development

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