Public Policy and the Diffusion of Technology: International Comparison of Large Fossil-fuelled Generating Units by John H.De Young
The sharp rise in the cost of energy over the past few years has greatly increased the interest of industrialized countries in accelerating the development of new energy technology. Since…
Public Policy and the Diffusion of Technology synopsis
The sharp rise in the cost of energy over the past few years has greatly increased the interest of industrialized countries in accelerating the development of new energy technology. Since the early 1970s, for example, the US government has more than tripled its annual spending on energy research and development. This study examines the adoption of new technology in the electric utilities industry.
It identifies and evaluates the relative importance of the main factors affecting the rate at which the generation units have been introduced on a large scale. It is also seen how the policy affects these factors.
The electric power industry was chosen for several reasons. First, it is important and increasingly important over time.
Since World War II, rapid growth in demand for electric power has allowed the industry to double its production every ten years. Second, governments played a major role in the supply of electricity through the regulation of privately owned companies and the ownership of energy systems.
Third, regional and international differences in the industry provide an opportunity to study the diffusion of new technology under different industrial structures, types of ownership, demand patterns and supply conditions. No attempt has been made here to explain the creation of new technical generators; The proliferation is being investigated in three countries: the United States, Canada and Great Britain, which have focused on the last quarter of a century.
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