Modeling the co-evolution of national industries and institutions

Francisco Fatas-Villafranca, Julio Sanchez-Choliz and Gloria Jarne
Authors registered in the RePEc Author Service: Julio Sanchez Choliz

Industrial and Corporate Change, 2008, vol. 17, issue 1, 65-108

Abstract: Important contributions within the realms of industrial dynamics and evolutionary economic theory have shown the need to explore the sources of industrial leadership in high-tech industries. Several of these studies suggest that the co-evolution between national industries and certain supporting institutions could play a fundamental role as a source of competitive advantage, although an analysis of these processes still poses significant formal and theoretical challenges. In this article, we draw on previous contributions to formal evolutionary theorizing in order to build up a co-evolution model suitable for the dynamic analysis of industrial leadership. This model involves national firms competing on a worldwide level in a science-based industry, and co-evolving with their respective national university systems. Certain national firms may influence university funding by institutional shaping, while national university systems crucially affect the competitive advantage of said firms in the global market. The model highlights important mechanisms through which institutional, technological, and market interrelated factors determine the dynamics of industrial leadership and, eventually, the emergence of industrial leadership shifts. Some of the implications regarding policy and future research on economic development follow. Copyright 2008 , Oxford University Press.

Date: 2008
References: Add references at CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
http://hdl.handle.net/10.1093/icc/dtm039 (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:indcch:v:17:y:2008:i:1:p:65-108

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

Access Statistics for this article

Industrial and Corporate Change is currently edited by Josef Chytry

More articles in Industrial and Corporate Change from Oxford University Press and the Associazione ICC Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK.
Bibliographic data for series maintained by Oxford University Press ().