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Author: Hao Tan
Publisher:
ISBN: 9783838333465
Category : Business cycles
Languages : en
Pages : 177
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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 :
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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: John A. Mathews
Publisher:
ISBN: 9788778732361
Category :
Languages : en
Pages :
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Author:
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
Ever since Schumpeter first identified industry cycles as the characteristic form of capitalist development, with upturns creating opportunities for profit and downturns providing scope for restructuring, the topic has attracted occasional interest by business researchers - but never the sustained interest that the subject warrants. Most studies in cyclical dynamics focus on the macroeconomy, and largely deal with forecasting. This article focuses by contrast on cyclical dynamics at the sectoral level, where cyclical upturns and downturns create essential and unavoidable strategic issues for management. This introductory paper discusses the fundamentals of industry cycle identification, and analysis in both the time domain and the frequency domain with a view to drawing strategic insights. The study illustrates these approaches with industrial data from the global semiconductor industry. The argument is that the study of cyclical industrial dynamics provides the foundation for wider studies of innovation and technology management.
Author: B. Carlsson
Publisher: Springer Science & Business Media
ISBN: 9400910754
Category : Education
Languages : en
Pages : 321
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Book Description
This book is based on the papers presented at a conference on "New Issues in Industrial Economics" held at Case Western Reserve University, Cleveland, Ohio, June 8-10, 1987. The conference was organized by the Research Program in Industrial Economics (RPIE) in the Department of Economics at CWRU and was sponsored by The Cleveland Foundation, the Eaton Corporation, and The Standard Oil Company (later renamed BP America, Inc.). Their generous support is gratefully acknowledged. All of the papers have been revised, in several cases extensively, since their presentation at the conference. One of the primary reasons for organizing the conference was the concern that Industrial Economics has become too narrowly focused in most academic programs, largely being confined to Industrial Organization, i.e., issues of public policy towards enterprise with emphasis on antitrust and regulatory policy. This subject definition leaves out a number of interesting and important questions about how industries evolve over time, what the role of technological change (and organizational change) is in that process, and the associated structural changes within industries and firms. The object of this book is to derme these issues and suggest a framework within which they can be analyzed. I would like to thank all the conference participants for their contributions, particularly my colleagues at CWRU, Asim Erdilek and William S. Peirce, without whose encouragement and support the conference would not have taken place.
Author: Ehud Levy-Pascal
Publisher:
ISBN:
Category : Business cycles
Languages : en
Pages : 72
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Author: Thomas Brenner
Publisher:
ISBN:
Category :
Languages : en
Pages : 10
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We test the industry life cycle hypothesis for 205 industries in West Germany between 1976 and 2009. In particular we analyse whether population indicators follow a cyclical path. Using a novel non-linear regression approach to identify life cycles we find that the number of establishments, employees, entries and exits follow in most industries a path that is well represented by at least a part of a cycle. Most industries that show cyclical behaviour run (partially) through their life cycle in the considered time period.
Author: Myong-Hun Chang
Publisher: Routledge
ISBN: 1134582773
Category : Business & Economics
Languages : en
Pages : 159
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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: Curtis W. Roney (Jr)
Publisher:
ISBN: 9780493350622
Category :
Languages : en
Pages : 638
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Book Description
This research program extended planning-performance research methodology by demonstrating benefits of longitudinal analysis across an entire business cycle; developing scales of planning practices' development in terms of four practice variables; including measures of competitive as well as financial performance among dependent variables; and recognizing competitive-financial trade offs in planning-performance relationships.
Author: B. Carlsson
Publisher:
ISBN: 9789400910768
Category :
Languages : en
Pages : 336
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Book Description
