GOVERNMENT AND FIRM DUOPOLY IN ECONOMIC GROWTH

Carol M Connell

Global Journal of Business Research, 2012, vol. 6, issue 4, 77-84

Abstract: The Theory of the Growth of the Firm proposed a process theory of growth based on the pursuit of knowledge and unconstrained by government, hence applicable only to an economy where the corporation is the dominant form of industrial organization. In her subsequent studies of foreign direct investment by large firms in developing countries, Penrose considers government as an input to the growth process. This paper explores Penrose’s process theory of firm growth when government decisionmaking is an input to the process. The findings are based on content analysis of Penrose’s Theory of the Growth of the Firm, Large International Firm in Developing Countries, petroleum industry studies, and other writings from 1956 to 1973.

Keywords: Economic Growth; Government; Firm Duopoly (search for similar items in EconPapers)
JEL-codes: A1 O11 O12 (search for similar items in EconPapers)
Date: 2012
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