Industrie-Evolution

Uwe Cantner () and Horst Hanusch ()
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Horst Hanusch: University of Augsburg, Department of Economics

No 177, Discussion Paper Series from Universitaet Augsburg, Institute for Economics

Abstract: This paper reviews empirical and theoretical work concerning the relationship between innovative activities of firms and the dynamics of industries. Stylized facts on industry evolution and the analysis of industrial dynamics in general are a first building block. This discussion just reflects a fundamental controversy between neoclassical mainstream approaches and the conception of evolutionary economics. It is shown which thorough analytical problems any investigation of industry dynamics driven by innovative activities has to cope with. Based on that empirical work concerning the techno-economic evolution of industries is presented. Following this it is shown how a formal model can give an explanation for the characteristic development patterns observed. Some fundamental results are discussed.

JEL-codes: L1 L6 O3 (search for similar items in EconPapers)
Date: 1998-04
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:aug:augsbe:0177

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