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This book provides an account of work in the Schumpeterian and evolutionary tradition of industrial dynamics and the evolution of industries. It is shown that over time industries evolve and change their structure. In this dynamic process change is affected and sometimes constraint by many factors: knowledge and technologies, the capabilities and incentives of actors, new products and processes, and institutions. All these elements and their relations drive innovative activities and affect economic performance in an industry. Investigations into these complex phenomena show a deep interdependence between empirical work delivering a rich account of regularities and stylized facts in the structure of industries and their change, and theoretical analyses ranging from appreciate theorizing to formal modeling. .
Economics. --- Endogenous growth (Economics) --- Economic development --- Economic theory --- Political economy --- Social sciences --- Economic man --- Economic policy. --- Economic growth. --- R & D/Technology Policy. --- Economic Growth. --- Development, Economic --- Economic growth --- Growth, Economic --- Economic policy --- Economics --- Statics and dynamics (Social sciences) --- Development economics --- Resource curse --- Economic nationalism --- Economic planning --- National planning --- State planning --- Planning --- National security --- Social policy
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The book illustrates the considerable advances in modern evolutionary economics and addresses core questions of economic behaviour, interaction of heterogeneous actors in uncertain environments and the possibility of aggregating observations on a macro-economic level. It presents the foundations of economic change as the major building blocks of an economic approach that focusses on complex processes driven by endogenous innovation as well as crisis. The theoretical considerations are complemented by econometric studies to demonstrate the relevance of evolutionary-economic thinking to improve our understanding of the most challenging issues related to economic growth and development.
Entrepreneurship. --- Management. --- Industrial management. --- Evolutionary economics. --- Economic policy. --- Economic growth. --- Economics. --- Institutional/Evolutionary Economics. --- Innovation/Technology Management. --- Economic Growth. --- R & D/Technology Policy. --- Business administration --- Business enterprises --- Business management --- Corporate management --- Corporations --- Industrial administration --- Management, Industrial --- Rationalization of industry --- Scientific management --- Management --- Business --- Industrial organization --- Administration --- Industrial relations --- Organization --- Entrepreneur --- Intrapreneur --- Capitalism --- Business incubators --- Development, Economic --- Economic growth --- Growth, Economic --- Economic policy --- Economics --- Statics and dynamics (Social sciences) --- Development economics --- Resource curse --- Economic nationalism --- Economic planning --- National planning --- State planning --- Planning --- National security --- Social policy
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The book illustrates the considerable advances in modern evolutionary economics and addresses core questions of economic behaviour, interaction of heterogeneous actors in uncertain environments and the possibility of aggregating observations on a macro-economic level. It presents the foundations of economic change as the major building blocks of an economic approach that focusses on complex processes driven by endogenous innovation as well as crisis. The theoretical considerations are complemented by econometric studies to demonstrate the relevance of evolutionary-economic thinking to improve our understanding of the most challenging issues related to economic growth and development.
Economic growth --- Economic policy and planning (general) --- Economics --- Organization theory --- Production management --- Business management --- technologiebeleid --- ondernemingsstrategieën --- economie --- economische politiek --- management --- economische groei --- ondernemen --- informatietechnologie
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Industrial organization (Economic theory) --- Industries --- Technological innovations
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Economics. --- Evolutionary economy. --- Consumer. --- Creativity. --- Evolution. --- Firms. --- Growth. --- Structural change.
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Recent developments in economics have gone from the recognition of the importance of innovation for growth and the exploration of innovation mechanisms to the incorporation of the results of the previous research into economic models. An important lesson to be drawn from all this research is that a purely macro-based analysis of growth is not enough. The various mechanisms of innovation creation and diffusion, the importance of agent heterogeneity, of market selection processes, of the internal organization of the firm and of organizational routines, and the obsolescence and the consequent emergence of new types of capital goods are a few examples of micro-economic phenomena that contribute decisively to macro-economic development. The papers in this volume approach those issues from a Schumpeterian point of view and tackle issues like the growing importance of knowledge and human capital; increasing returns and path dependence; the role of variety in economic growth; competition and industry evolution.
Business cycles. --- Long waves (Economics) --- Research, Industrial. --- Technological innovations --- Economic aspects. --- Schumpeter, Joseph Alois, --- Contract research --- Industrial research --- Research --- Engineering experiment stations --- Inventions --- Kondratieff cycles (Economics) --- Business cycles --- Economics --- Economic cycles --- Economic fluctuations --- Cycles --- Schumpeter, J. A. --- Shumpeter, I. --- Shumpeter, Ĭ. --- Shumpeter, Iosif Aloiz, --- Shumpeter, Ĭozef, --- Shunpētā, --- Development economics. --- Economic growth. --- Economic policy. --- Development Economics. --- Economic Growth. --- R & D/Technology Policy. --- Economic development --- Economic nationalism --- Economic planning --- National planning --- State planning --- Planning --- National security --- Social policy --- Development, Economic --- Economic growth --- Growth, Economic --- Economic policy --- Statics and dynamics (Social sciences) --- Development economics --- Resource curse
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This book provides an account of work in the Schumpeterian and evolutionary tradition of industrial dynamics and the evolution of industries. It is shown that over time industries evolve and change their structure. In this dynamic process change is affected and sometimes constraint by many factors: knowledge and technologies, the capabilities and incentives of actors, new products and processes, and institutions. All these elements and their relations drive innovative activities and affect economic performance in an industry. Investigations into these complex phenomena show a deep interdependence between empirical work delivering a rich account of regularities and stylized facts in the structure of industries and their change, and theoretical analyses ranging from appreciate theorizing to formal modeling.
Economic growth --- Economic policy and planning (general) --- technologiebeleid --- economische groei
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Economics --- economie --- economische geschiedenis --- ondernemen --- methodologieën
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