What is ‘Rate Of Adoption’
The number of members of a society who start using a new technology or innovation during a specific period of time. The rate of adoption is a relative measure, meaning that the rate of one group is compared to the adoption of another, often of the entire society.
Attributes of an innovation that affect the rate of adoption include the advantage created by adopting the innovation, the ease at which the innovation can be adopted into daily life, the ability of other members of society to see those who have already adopted the innovation and the expense associated with trying the innovation.
Explaining ‘Rate Of Adoption’
The adoption rate is part of the diffusion of innovations theory, which seeks to explain how the use of new technologies, processes and innovations spreads through a society, and why they are adopted over old methods.
One major factor that influences the rate of adoption is the type of society that is being introduced to an innovation, as closed societies and societies without clear communication between adopters and non-adopters are less likely to take on a new technology.
Further Reading
- The influence of financial incentives and other socio-economic factors on electric vehicle adoption – www.sciencedirect.com [PDF]
- Boom and bust patterns in the adoption of financial innovations – academic.oup.com [PDF]
- Tax increment financing: Municipal adoption and growth – www.jstor.org [PDF]
- Adoption determinants of the International Accounting Standards IAS/IFRS by the developing countries – www.sciencedirect.com [PDF]
- Factors influencing new entrant dairy farmer's decision-making process around technology adoption – www.tandfonline.com [PDF]
- The adoption of Internet financial services: a qualitative study – www.emerald.com [PDF]
- Socio-economic hurdles to widespread adoption of small-scale biogas digesters in Sub-Saharan Africa: A review – www.sciencedirect.com [PDF]
- The effects of tax increment financing on economic development – www.sciencedirect.com [PDF]
- Tax increment financing: Municipal adoption and effects on property value growth – journals.sagepub.com [PDF]
