Knowledge and Creative Destruction over the Industry Life Cycle: The Case of the German Automobile Industry

Uwe Cantner (), Jens J. Krüger and Kristina von Rhein

Economica, 2009, vol. 76, issue 301, pages 132-148

Abstract: The paper investigates how pre-entry experience, post-entry experience and innovative activity affected the survival of German automobile firms over the period 1886-1936. A statistical survival analysis is performed which links instrumental variable estimation with the Cox regression. The main results are that all three knowledge components exert an independent and significantly positive effect on firm survival. Moreover, innovative activity is able to compensate for post-entry experience, in accord with Schumpeterian creative destruction. Copyright (c) The London School of Economics and Political Science 2008.

Date: 2009

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Working Paper: Knowledge and Creative Destruction over the Industry Life Cycle - The Case of the German Automobile Industry (2005)
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