Cyclical Dynamics in Three Industries PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Cyclical Dynamics in Three Industries PDF full book. Access full book title Cyclical Dynamics in Three Industries by John A. Mathews. Download full books in PDF and EPUB format.
Author: John A. Mathews
Publisher:
ISBN: 9788778732361
Category :
Languages : en
Pages :
Get Book Here
Book Description
Author: John A. Mathews
Publisher:
ISBN: 9788778732361
Category :
Languages : en
Pages :
Get Book Here
Book Description
Author: Hao Tan
Publisher:
ISBN: 9783838333465
Category : Business cycles
Languages : en
Pages : 177
Get Book Here
Book Description
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages :
Get Book Here
Book Description
In this paper, we focus on firms' cyclical behavior in the global semiconductor industry. We demonstrate that these cyclical dynamics at the industry level differ from both the business cycles at the macro-economic level and the lengthy industrial technology life cycle. We discuss a range of possible causes of those cyclical industrial dynamics, including the general business cycles as well as industry-specific factors. Our study reports three stylized facts in relation to the cyclical industrial dynamics in the global semiconductor industry: first, the industry is more concentrated during the industry cycle downturns; second, the capital investment of the industry as a whole follows a 'pro-cyclical' pattern; and third, firms that pursued a 'counter-cyclical' capital investment strategy during the industry cycle downturn have reaped rewards during the subsequent cycle period. These facts suggest that cyclical industrial dynamics, especially the industry cycle downturns, play an important role in firm rivalry, strategic positioning and industrial growth.
Author: Ehud Levy-Pascal
Publisher:
ISBN:
Category : Business cycles
Languages : en
Pages : 72
Get Book Here
Book Description
Author: Myong-Hun Chang
Publisher: Routledge
ISBN: 1134582846
Category : Business & Economics
Languages : en
Pages : 149
Get Book Here
Book Description
The economics literature on industry dynamics contains a wide array of empirical works identifying a set of stylized facts. There have been several attempts at constructing analytical models to explain some of these regularities. These attempts are highly stylized and limited in scope to keep the analyses tractable. A general model of industry evolution capable of generating firm and industry behaviour that can match the data is needed. This book endeavours to explain many well-documented aspects of the evolution of industries over time. It uses an agent-based computational model in which artificial industries are created and grown to maturity in silico. While the firms in the model are assumed to have bounded rationality, they are nevertheless adaptive in the sense that their experience-based R&D efforts allow them to search for improved technologies. Given a technological environment subject to persistent and unexpected external shocks, the computationally generated industry remains in a perennial state of flux. The main objective of this study is to identify patterns that exist in the movements of firms as the industry evolves over time along the steady state in which the measured behaviour of the firms and the industry stochastically fluctuate around steady means. The computational model developed in this book is able to replicate many of the stylized facts from the empirical industrial organization literature, particularly as the facts pertain to the dynamics of firm entry and exit. Furthermore, the model allows examination of cross-industry variations in entry and exit patterns by systematically varying the characteristics of the market and the technological environment within which the computationally generated industry evolves. The model demonstrates that the computational approach based on boundedly rational agents in a dynamic setting can be useful and effective in carrying out both positive and normative economic analysis.
Author: Roberto Leombruni
Publisher: World Scientific
ISBN: 9812702253
Category : Business & Economics
Languages : en
Pages : 431
Get Book Here
Book Description
This book presents the contributions to the first Wild@Ace conference. The acronym stands for OC Workshop on Industrial and Labor Dynamics OCo The Agent-Based Computational AproachOCO, and it has been the first event ever focusing on the very promising use of the agent-based simulation approach for investigation of labor economics and industrial organization issues. Agent-based models are computer models in which a multitude of agents OCo each embodied in a specific software code OCo interact. These agents can represent individuals households, firms, institutions, etc. Moreover, OC specialOCO agents can be added to observe and monitor individual and collective behavior. One of the main purpose of writing an ACE model is to gain intuitions on the two-way feedback between the microstructure and the macrostructure of a phenomenon of interest. How is it that simple aggregate regularities may arise from individual disorder? Or that a nice structure at an individual level may lead to a complete absence of regularity in the aggregate? How is it that the complex interaction of very simple individuals may lead to surprisingly complicated aggregate dynamics? Or that sophisticated agents may be unable to organize themselves in any interesting way?. The book includes contributions by some of the most distinguished researchers in the field, such as the economists Alan Kirman, Giovanni Dosi, Leigh Tesfatsion and Mauro Gallegati, and the sociologist Nigel Gilbert."
Author: Karl Heinrich Oppenländer
Publisher: Routledge
ISBN: 0429796676
Category : Social Science
Languages : en
Pages : 512
Get Book Here
Book Description
First published in 1998, this wide-ranging and in-depth volume from specialists in economics and statistics examines leading indicators, the timing of cyclical turning points, firm behaviour, financial indicators, economic policy recommendations, transition economies and the service sector in relation to Finland’s bid for European Monetary Union membership.
Author: OECD
Publisher: OECD Publishing
ISBN: 9264269231
Category :
Languages : en
Pages : 226
Get Book Here
Book Description
This publication focuses on business dynamics across eight countries (Belgium, Brazil, Canada, Costa Rica, Japan, New Zealand, Norway, United Kingdom) and over time, building upon the evidence collected in the framework of the OECD DynEmp project for 22 countries.
Author: John R. Baldwin
Publisher: Cambridge University Press
ISBN: 9780521633574
Category : Business & Economics
Languages : en
Pages : 484
Get Book Here
Book Description
The Dynamics of Industrial Competition describes the internal dynamics of industries using new and unique longitudinal data that make it possible to track firms over time. It provides a comprehensive picture of a number of aspects of firm turnover in North America that arise from the competitive process - the entry and the exit of firms, the growth and the decline of incumbent firms, and the merger process. Instantaneous and cumulative measures of market dynamics are provided. Since the forces contributing to competition are varied and industries are affected by heterogeneous forces, different aspects of firm turnover are considered in order to provide a comprehensive overview of the competitive process. Entry is divided into that portion coming from the creation of new plants and that portion arising from the acquisition of existing firms. Differences are drawn between the effects of related and unrelated acquisitions and between the effects of take-overs made by domestic and foreign firms. Differences between large- and small-firm activity are also investigated. The effects of turnover on productivity, efficiency, wage rates, and profitability are extensively model led. Using various measures of firm turnover to proxy the amount of competition, the study examines and contextualizes the relationship between industry performance and the intensity of the competitive process.
Author: J. K. Sengupta
Publisher: Springer
ISBN: 0230248667
Category : Business & Economics
Languages : en
Pages : 174
Get Book Here
Book Description
The dynamics of industry growth, technology and globalization have a dramatic impact on the current economic growth of nations, significantly changing the market structure and world trade, and challenging the competitive equilibrium and their guiding principles. In the world of innovations and spill-over of R&D effects, various forms of non-competitive market structures have evolved in recent times. This book analyzes the new paradigm of change in technology intensive industries, with an emphasis in three main areas; non-parametric models of growth, sources of industry growth and non-competitive market structures in a dynamic framework. The authors to this volume utilise theoretical and empirical analysis to examine the role of R&D investment and Solow-type technical progress, using the non-parametric methods of efficiency analysis, also known as Data Envelopment Analysis. This book is essential reading for all interested in economic theory and innovation.
