Non shakeout patterns of industry evolution. The case of turboprop engine industry

Andrea Bonaccorsi and Paola Giuri

LEM Papers Series from Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy

Abstract: A careful case study of the entire history of the turboprop engine industry (1948-1997) is offered as an example of non shakeout pattern. The persistence of high concentration is not associated to the exit of smaller manufacturers, but instead a stable coexistence of generalist and specialist strategies emerges, in sharp contrast to the pattern observed in the otherwise similar jet engine industry. This paper operationalises the relevant variables of a more general theory of industry life cycle by taking into account the lack of creation of significant increasing returns in R&D, manufacturing or marketing, which is commonly found in industries which produce systemic products.

Keywords: industrial dynamics; industry life cycle; increasing returns; aircraft industry; engine industry. (search for similar items in EconPapers)
Date: Written 1999-11-20
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