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Author: David B. Audretsch
Publisher: MIT Press
ISBN: 9780262011464
Category : Business & Economics
Languages : en
Pages : 236
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Book Description
It once took two decades to replace one-third of the Fortune 500; now a subset of new firms are challenging and displacing this elite group at a breathtaking rate, while armies of startups come and go within just a few years. Most new jobs are, in fact, coming from small firms, reversing the trend of a century. David Audretsch takes a close look at the U.S. economy in motion, providing a detailed and systematic investigation of the dynamic process by which industries and firms enter into markets, either grow and survive, or disappear. He shapes a clear understanding of the role that small, entrepreneurial firms play in this evolutionary process and in the asymmetric size distribution of firms in the typical industry.Audretsch introduces the large longitudinal database maintained by the U.S. Small Business Administration that is used to identify the startup of new firms and track their performance over time. He then provides different snapshots of the process of industries in motion: why new-firm startup activity varies so greatly across industries; what happens to these firms after they enter the market; the extent to which entrepreneurial firms account for an industry's economic activity and why that measure varies across industries; how small firms compensate for size-related disadvantages; and who exits and why.Audretsch concludes that the structure of industries is characterized by a high degree of fluidity and turbulence, even as the patterns of evolution vary considerably from industry to industry. The dynamic process by which firms and industries evolve over time is shaped by three fundamental factors: technology, scale economies, and demand. Most important, the evidence suggests that it is the differences in the knowledge conditions and technology underlying each specific industry -- key elements in innovation -- that are responsible for the pattern particular to that industry.
Author: David B. Audretsch
Publisher: MIT Press
ISBN: 9780262011464
Category : Business & Economics
Languages : en
Pages : 236
Get Book Here
Book Description
It once took two decades to replace one-third of the Fortune 500; now a subset of new firms are challenging and displacing this elite group at a breathtaking rate, while armies of startups come and go within just a few years. Most new jobs are, in fact, coming from small firms, reversing the trend of a century. David Audretsch takes a close look at the U.S. economy in motion, providing a detailed and systematic investigation of the dynamic process by which industries and firms enter into markets, either grow and survive, or disappear. He shapes a clear understanding of the role that small, entrepreneurial firms play in this evolutionary process and in the asymmetric size distribution of firms in the typical industry.Audretsch introduces the large longitudinal database maintained by the U.S. Small Business Administration that is used to identify the startup of new firms and track their performance over time. He then provides different snapshots of the process of industries in motion: why new-firm startup activity varies so greatly across industries; what happens to these firms after they enter the market; the extent to which entrepreneurial firms account for an industry's economic activity and why that measure varies across industries; how small firms compensate for size-related disadvantages; and who exits and why.Audretsch concludes that the structure of industries is characterized by a high degree of fluidity and turbulence, even as the patterns of evolution vary considerably from industry to industry. The dynamic process by which firms and industries evolve over time is shaped by three fundamental factors: technology, scale economies, and demand. Most important, the evidence suggests that it is the differences in the knowledge conditions and technology underlying each specific industry -- key elements in innovation -- that are responsible for the pattern particular to that industry.
Author: J. K. Sengupta
Publisher: Springer
ISBN: 0230505317
Category : Business & Economics
Languages : en
Pages : 185
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Book Description
Jati K. Sengupta examines the market dynamics of the evolution of industry and the impact of new technology with R&D and knowledge capital. The book builds the theory of innovations in the contexts of the high-tech industries of today such as computing and telecommunications.
Author: Franco Malerba
Publisher: Cambridge University Press
ISBN: 1107051703
Category : Business & Economics
Languages : en
Pages : 293
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Book Description
A new approach to the analysis of technological process, emphasising the tailoring of formal modelling to historical context.
Author: Mariana Mazzucato
Publisher: Cambridge University Press
ISBN: 1139450905
Category : Business & Economics
Languages : en
Pages : 426
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Book Description
Written by internationally acclaimed experts in the economics of innovation, this volume examines how the biotechnology and pharmaceutical sector is affected by the dynamics of innovation, institutions, and public policy. It contributes both theoretically and empirically to the increasingly influential Schumpetarian framework in industrial economics, which places innovation at the centre of the analysis of competition. Both quantitative and qualitative studies are included, and this varied perspective adds to the richness of the volume's insights. The contributors explore different ideas regarding the historical evolution of technology in the sector, and how firms and industry structure have co-evolved with innovation dynamics. Important policy questions are considered regarding the future of innovation in this sector and its impact on the economy.
Author: David B. Audretsch
Publisher: Cambridge University Press
ISBN: 9780521641661
Category : Business & Economics
Languages : en
Pages : 350
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Book Description
Innovation, Industry Evolution and Employment offers a cross-disciplinary approach to employment creation and economic growth.
Author: Mariana Mazzucato
Publisher: Cambridge University Press
ISBN: 9780521858229
Category : Business & Economics
Languages : en
Pages : 472
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Book Description
This book explores how the biotechnology and pharmaceutical sector is affected by innovation, growth and public policy.
Author: Peter Hall
Publisher: Harvester Wheatsheaf
ISBN: 9780133025712
Category : Economic policy
Languages : en
Pages : 418
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Book Description
Innovation has for long been recognised as the mainspring of economic growth. But only in the last two decades or so has economic theory started to come to grips with the complexity of cause and effect in technological progress. Innovation, Economics and Evolution draws on that work to explore how changing technology can influence economic systems, and how economic factors bear upon decisions which change technology. The text's analysis deals with the microeconomics of demand, stressing the importance for successful innovation of meeting market needs; the implications of technological progress for production costs; the economics of the firm as it relates to decisions to develop and adopt innovations; the impact of innovation on inter-firm competition at the industry level; technological progress and long-run growth; and medium-term macroeconomic effects of innovation on business-cycles and unemployment. By its nature, the process of innovation has a historical dimension absent from much formal economic analysis. To reflect recent theoretical attempts to incorporate this element, a major theme of the book is to explore the insights generated by taking an evolutionary perspective. An account of the tension between mechanical and evolutionary views of the world appears early in the book, and evolutionary ideas are presented throughout.
Author: Sanjaya Panth
Publisher: Taylor & Francis
ISBN: 9780815327844
Category : Business & Economics
Languages : en
Pages : 136
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Book Description
First Published in 1998. Routledge is an imprint of Taylor & Francis, an informa company.
Author: Israel Drori
Publisher: Stanford University Press
ISBN: 0804783993
Category : Business & Economics
Languages : en
Pages : 206
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Book Description
The Evolution of a New Industry traces the emergence and growth of the Israeli hi-tech sector to provide a new understanding of industry evolution. In the case of Israel, the authors reveal how the hi-tech sector built an entrepreneurial culture with a capacity to disseminate intergenerational knowledge of how to found new ventures, as well as an intricate network of support for new firms. Following the evolution of this industry from embryonic to mature, Israel Drori, Shmuel Ellis, and Zur Shapira develop a genealogical approach that relies on looking at the sector in the way that one might consider a family tree. The principles of this genealogical analysis enable them to draw attention to the dynamics of industry evolution, while relating the effects of the parent companies' initial conditions to their respective corporate genealogies and imprinting potential. The text suggests that genealogical evolution is a key mechanism for understanding the rate and extent of founding new organizations, comparable to factors such as opportunity structures, capabilities, and geographic clusters.
Author: David B. Audretsch
Publisher: Edward Elgar Publishing
ISBN:
Category : Business & Economics
Languages : en
Pages : 504
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Book Description
This three-volume set brings together the seminal contributions of the emerging new literature on alternative frameworks and methodologies for analyzing economic phenomena involving change. They focus on change as a central phenomenon, and innovative activity is at the heart of much of the work. Building on a rich intellectual heritage dating back to an earlier tradition represented by scholars such as Josef Schumpeter and Frank Knight, they seek to explain how and why firms are diverse, and how firms, industries, and regions change over time. Volume I (17 articles) discusses the product life cycle and industrial evolution, the start-up of new firms, sources and implications of diversity, the size distribution of firms, and growth. Volume II (18 articles) covers survival, learning and adaptation, productivity, and turbulence. Volume III (20 articles) addresses persistence, evolution and horizontal market structure, regional evolution, international competitiveness of industries, and public policies.The set lacks a subject index. Edited by Audretsch (Institute of Development Strategies, Indiana U.) and Klepper (economics and social science, Carnegie Mellon U.). Annotation copyrighted by Book News, Inc., Portland, OR
