The Schumpeterian shock at General Motors in the 1920’s

Seth W. Norton

Journal of Entrepreneurship and Public Policy, 2018, vol. 7, issue 4, 320-335

Abstract: Purpose - The purpose of this paper is to examine the link between Joseph Schumpeter’s economics and the rise of General Motors (GM). Design/methodology/approach - The paper uses regression analysis and time series analysis of market synchronization. Findings - There is a strong link between GM rise to dominance of the domestic automobile industry and nuanced features of Schumpeterian economics. Research limitations/implications - The paper furthers the examination of the role of information economics on marketing channel performance. Practical implications - Information helps in production decisions by synchronizing production with consumer demand. Social implications - Economic efficiency enhances the human welfare for better forecasting, lower inventories and greater profits. Originality/value - This topic has been explored before but methodology used in this paper is innovative. The paper uses Granger causality.

Keywords: Information; Consumer demand; Forecasting; Granger-Sims causality; Leading indicator; Information processing; Market share; Schumpeter; D22; D83; L23; L62; O31 (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:eme:jepppp:jepp-d-18-00048

DOI: 10.1108/JEPP-D-18-00048

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