Conventions, markets and industry evolution: the example of the wind turbine industry in Germany 1977–2021

Max-Peter Menzel

Cambridge Journal of Regions, Economy and Society, 2023, vol. 16, issue 3, 463-480

Abstract: Markets are drivers of evolutionary change. They link social norms to the evolution of an industry. The study uses a process tracing approach to identify two mechanisms of this link. The first mechanism describes how different conventions change the construction of markets. The second mechanism describes how the changing principles of evaluation influence the resource construction of firms and thus the life cycle of the industry. The empirical example is the wind turbine industry in Germany from 1977 to 2021. The development of the industry can be divided into different phases shaped by different conventions, each affecting market construction and industry evolution in different ways.

Keywords: industry life cycle; convention theory; wind turbine industry; selection (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1093/cjres/rsad027 (application/pdf)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:oup:cjrecs:v:16:y:2023:i:3:p:463-480.

Ordering information: This journal article can be ordered from
https://academic.oup.com/journals

Access Statistics for this article

Cambridge Journal of Regions, Economy and Society is currently edited by Judith Clifton, Anna Davies, Betsy Donald, Emil Evenhuis, Stefania Fiorentino (Associate Editor), Harry Garretsen, Meric Gertler, Amy Glasmeier, Mia Gray, Robert Hassink, Dieter Kogler, Michael Kitson, Linda Lobao, Charles van Marrewijk, Ron Martin, Peter Sunley, Peter Tyler and Chun Yang

More articles in Cambridge Journal of Regions, Economy and Society from Cambridge Political Economy Society Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK.
Bibliographic data for series maintained by Oxford University Press ().