Schumpeterian Perspectives on Innovation, Competition and Growth

✍ Scribed by Uwe Cantner, Jean-Luc Gaffard, Lionel Nesta (auth.), Uwe Cantner, Jean-Luc Gaffard, Lionel Nesta (eds.)

• Publisher: Springer-Verlag Berlin Heidelberg
• Year: 2009
• Tongue: English
• Leaves: 456
• Edition: 1
• Category: Library

✦ Synopsis

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.

✦ Table of Contents

Front Matter....Pages i-vii
Front Matter....Pages 7-7
Introduction....Pages 1-5
Innovation, competition, and growth: Schumpeterian ideas within a Hicksian framework....Pages 7-23
The technology evolving culture: character and consequence....Pages 25-34
Motivation, innovation and co-ordination....Pages 35-52
A micro-meso-macro perspective on the methodology of evolutionary economics: Integrating history, simulation and econometrics....Pages 53-68
Front Matter....Pages 71-71
Product variety, competition and economic growth....Pages 71-95
A dual economy model of endogenous growth with R&D and market structure....Pages 97-114
Technological change and the vertical organization of industries....Pages 115-135
Evolutionary micro-dynamics and changes in the economic structure....Pages 137-160
The microfoundations of business cycles: an evolutionary, multi-agent model....Pages 161-180
Technological progress and inequality: an ambiguous relationship....Pages 181-201
Front Matter....Pages 205-205
Labor market institutions and industrial performance: an evolutionary study....Pages 207-222
Renascent entrepreneurship....Pages 223-237
Growing like mushrooms? Sectoral evidence from four large European economies....Pages 239-257
Diversity in innovation and productivity in Europe....Pages 259-275
Heterogeneity of innovation strategies and firm performance....Pages 277-300
New business formation, growth, and the industry lifecycle....Pages 301-313
Division of labor and division of knowledge: A case study of innovation in the video game industry....Pages 315-333
Front Matter....Pages 335-335
Policies for a new entrepreneurial economy....Pages 337-368
Entrepreneurial state: The schumpeterian theory of industrial policy and the East Asian “Miracle”....Pages 369-390
Front Matter....Pages 335-335
Promoting innovation and competition with patent policy....Pages 391-411
Reinforcing the patent system? Effects of patent fences and knowledge diffusion on the development of new industries, technical progress and social welfare....Pages 413-434
The structure and the emergence of essential patents for standards: Lessons from three IT standards....Pages 435-450

✦ Subjects

Economic Growth; R & D/Technology Policy