Cantner / Gaffard / Nesta Schumpeterian Perspectives on Innovation, Competition and Growth

1. Auflage 2009
ISBN: 978-3-540-93777-7
Verlag: Springer-Verlag
Format: PDF
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 450 Seiten

Recent developments in economics have gone from the recognition of the importance of innovation for growth and the exploration of innovation mechanisms to the incorporation of the results of the previous research into economic models. An important lesson to be drawn from all this research is that a purely macro-based analysis of growth is not enough. The various mechanisms of innovation creation and diffusion, the importance of agent heterogeneity, of market selection processes, of the internal organization of the firm and of organizational routines, and the obsolescence and the consequent emergence of new types of capital goods are a few examples of micro-economic phenomena that contribute decisively to macro-economic development. The papers in this volume approach those issues from a Schumpeterian point of view and tackle issues like the growing importance of knowledge and human capital; increasing returns and path dependence; the role of variety in economic growth; competition and industry evolution.

Autoren/Hrsg.

Cantner, Uwe

Gaffard, Jean-Luc

Nesta, Lionel

Inhaltsverzeichnis

1;Contents;5
2;Schumpeterian perspectives on innovation,competition and growth;8
3;Innovation, competition, and growth: Schumpeterian ideas within a Hicksian framework;12
3.1;Abstract;12
3.1.1;Introduction;13
3.1.2;Schumpeter's basic ideas;13
3.1.3;Which analytical framework?;14
3.1.3.1;Hicks's framework;15
3.1.3.2;An extension of the Hicks framework;16
3.1.3.3;The role of competition;17
3.1.4;Productivity, volatility and growth;18
3.1.4.1;A Solow type scenario;19
3.1.4.2;An active monetary policy for innovation and growth;20
3.1.4.3;More on the nature and role of fluctuations;21
3.1.5;Competition and innovation;22
3.1.5.1;Stabilizing the market structure in order to capture the gains from innovation;22
3.1.5.2;More on the role of competition;25
3.1.6;Policy issues;25
3.1.7;References;27
4;The technology evolving culture: character and consequence ;29
4.1;Abstract;29
4.1.1;Introduction;29
4.1.2;Character and preconditions;30
4.1.3;Micro, meso, and macro aspects or technological transformation;32
4.1.4;Consequences for families and firms;33
4.1.5;Global consequences;34
4.1.6;Conclusions;36
4.1.7;Postscript;37
5;Motivation, innovation and co-ordination;39
5.1;1 Preface;39
5.2;2 Context;40
5.3;3 Evolution through imagination;44
5.4;4 Social relationships;49
5.5;5 Conclusion;54
6;A micro-meso-macro perspective on the methodology of evolutionary economics: Integrating history, simulation and econometrics;57
6.1;1 Introduction;57
6.2;2 Micro-meso-macro;59
6.3;3 A Methodology;62
6.3.1;3.1 The meso;62
6.3.2;3.2 The macro;64
6.3.3;3.3 The micro;68
6.4;4 Conclusion;70
7;Product variety, competition and economic growth;74
7.1;Abstract;74
7.1.1;Introduction;74
7.1.2;Nature of the model;78
7.1.2.1;Boundary conditions;84
7.1.2.2;Relationship between search activities and human capital;85
7.1.2.3;Employment and human capital;85
7.1.2.4;Fundamental search activities and boundary conditions;85
7.1.2.5;Distribution of education over sectors;86
7.1.2.6;Wages;86
7.1.3;Experiments and results;86
7.1.4;Summary and conclusions;94
7.1.5;Appendix;95
7.1.6;References;97
8;A dual economy model of endogenous growth with R&D and market structure;99
8.1;Abstract;99
8.1.1;Introduction;99
8.1.2;The model;102
8.1.2.1;Consumers’ behavior;102
8.1.2.2;Producers’ behavior;104
8.1.2.2.1;The innovative goods sector;104
8.1.2.2.2;The traditional goods sector;105
8.1.3;General and dynamic equilibrium;107
8.1.4;Result analysis;107
8.1.5;Growing traditional goods sector;109
8.1.6;Conclusions;112
8.1.7;Appendix 1;113
8.1.7.1;Proof of Proposition 1;113
8.1.8;Appendix 2;115
8.1.8.1;Proof of proposition 2;115
8.1.8.2;Proof of proposition 4;115
8.1.8.3;Proof of proposition 6;115
8.1.8.4;Proof of proposition 7;116
8.1.9;References;116
9;Technological change and the vertical organization of industries;117
9.1;Abstract;117
9.1.1;Introduction;118
9.1.2;Innovation and the organization of industries: the need of a complex approach;119
9.1.3;The model;121
9.1.3.1;The general setting;122
9.1.3.2;Demand;123
9.1.3.3;Technological landscape and innovation;124
9.1.3.4;Costs;125
9.1.3.5;Outsourcing and integration;126
9.1.4;Technological dynamics and industrial organization: simulation results;126
9.1.4.1;Types of technological dynamics: examples of organizational change;127
9.1.4.2;Types of technological dynamics: extended analysis;130
9.1.4.3;Industrial evolution and technological change;131
9.1.5;Concluding remarks;135
9.1.6;References;136
10;Evolutionary micro-dynamics and changes in the economic structure;138
10.1;Abstract;138
10.1.1;Introduction;139
10.1.2;A model of evolutionary micro-founded structural change;142
10.1.2.1;The macro--economic framework;142
10.1.2.2;The micro--behaviors;144
10.1.3;Simulation results;148
10.1.3.1;Simulation procedure;148
10.1.3.2;Simulation scenarios;149
10.1.3.3;The case of Germany;150
10.1.4;Final remarks;157
10.1.5;Appendix;158
10.1.6;References;160
11;The microfoundations of business cycles: an evolutionary, multi-agent model;162
11.1;Abstract;162
11.1.1;Introduction;163
11.1.2;Macro and micro stylized facts;164
11.1.3;The model;166
11.1.3.1;The dynamics of microeconomic decisions;166
11.1.3.2;Production and investment: the consumption-good sector;167
11.1.3.3;Machine production;169
11.1.3.4;The consumption-good market;170
11.1.3.5;Entry, exit, and technical change;171
11.1.3.6;Macro dynamics and consumption scenarios;171
11.1.4;Simulation results;173
11.1.5;Conclusions;180
11.1.6;References;180
12;Technological progress and inequality: an ambiguous relationship;182
12.1;Abstract;182
12.1.1;Introduction;183
12.1.2;The model;186
12.1.2.1;Optimal condition;188
12.1.2.2;Comparative dynamics;190
12.1.2.3;Wealth and income inequality;193
12.1.3;Aggregation and balanced growth path;194
12.1.3.1;Retooling;195
12.1.3.2;Initial condition on the distribution of technologies;196
12.1.4;Transitional dynamics;196
12.1.4.1;The average quality of capital and investment;196
12.1.4.1.1;The behavior of the Hulten's technological gap index ();197
12.1.5;Conclusion;200
12.1.6;References;200
13;Labor market institutions and industrial performance: an evolutionary study;204
13.1;Abstract;204
13.1.1;Introduction;204
13.1.2;Labor market institutions and economic performance;205
13.1.2.1;Labor market institutions and innovation;206
13.1.2.2;Labor market institutions and selection;207
13.1.2.3;Empirical evidence;208
13.1.3;Construction of labor market regulation indices;209
13.1.3.1;Labor market regulation index;209
13.1.3.2;Inter-industry wage differentials index;210
13.1.3.3;A descriptive analysis of labor market regulation indices;211
13.1.4;Labor market regulation, industrial structure and productivity;213
13.1.4.1;The model;213
13.1.4.2;Summary statistics;214
13.1.4.3;Estimation results;215
13.1.5;Conclusions and policy implications;217
13.1.6;References;218
14;Renascent entrepreneurship;220
14.1;Abstract;220
14.1.1;Introduction;221
14.1.2;A model of entrepreneurship;222
14.1.3;Literature review on nascent entrepreneurship;223
14.1.3.1;Human capital;224
14.1.3.2;Financial capital;225
14.1.3.3;Social capital;225
14.1.3.4;Demographics;225
14.1.3.5;Firm exit type;226
14.1.3.6;Hypotheses;226
14.1.4;Measurement issues;227
14.1.5;Empirical results;229
14.1.5.1;Human capital;230
14.1.5.2;Social capital;230
14.1.5.3;Firm exit type;230
14.1.5.4;Demographics;230
14.1.5.5;Industry;231
14.1.6;Discussion and conclusions;231
14.1.7;References;232
15;Growing like mushrooms? Sectoral evidence from four large European economies;235
15.1;Abstract;235
15.1.1;Introduction;236
15.1.2;Data and variables;237
15.1.3;Empirical evidence;238
15.1.3.1;Basic statistical properties;238
15.1.3.2;Variance-size scaling;239
15.1.3.3;The distribution of sectoral growth rates;243
15.1.3.4;Conditioning on technological intensity;248
15.1.4;Concluding remarks;250
15.1.5;References;252
16;Diversity in innovation and productivity in Europe;254
16.1;Abstract;254
16.1.1;Introduction;255
16.1.1.1;Diversity in innovation, diversity in productivity;255
16.1.2;Explaining labour productivity growth;257
16.1.2.1;Innovation and demand as determinants of hourly labor productivity growth;257
16.1.2.2;The model for technological competitiveness;258
16.1.2.3;The model for cost competitiveness;259
16.1.3;Results;260
16.1.3.1;The diversity between product and process-based industries;263
16.1.3.2;The diversity between countries;264
16.1.4;Conclusions and policy implications;265
16.1.5;Appendix;267
16.1.6;References;269
17;Heterogeneity of innovation strategies and firm performance;271
17.1;1 Introduction;272
17.2;2 Profitability and innovation: a short survey;274
17.3;3 Descriptive analysis;276
17.4;4 The econometric model;284
17.4.1;4.1 Variables description;284
17.4.2;4.2 Estimation and results;287
17.5;5 Discussion and conclusion;290
18;New business formation, growth, and the industry lifecycle;295
18.1;1 Introduction;295
18.2;2 Data;297
18.3;3 Estimation procedure;301
18.4;4 Results;302
18.5;5 Discussion and policy conclusions;306
19;Division of labor and division of knowledge: A case study of innovation in the video game industry;308
19.1;1 Division of labor and division of knowledge More on the topic in Becker et al. ( 2007 ); Cohendet and Llerena (forthcoming, 2009 ). ;310
19.1.1;1.1 Knowledge worker;311
19.2;2 Case study: An innovative entrepreneurial firm;313
19.2.1;2.1 Methodology and firm selection;313
19.2.2;2.2 Description of the firm;313
19.3;3 Governance of divided labor and divided knowledge;319
19.3.1;3.1 Phase I: De facto governance with an initial overflow of knowledge;320
19.3.2;3.2 Phase II: Designing governance, and knowledge/labor division equilibrium;320
19.3.3;3.3 Phase III: Implementing governance and creative work outsourcing communities;321
19.3.4;3.4 Phase IV: Stabilizing governance and knowledge and labor division;321
19.3.5;3.5 A dual governance structure;322
19.4;4 Discussion: a dynamic organization representation for innovative firms based on dualities;323
20;Policies for a new entrepreneurial economy;328
20.1;1 The problem;329
20.2;2 The entrepreneurial environment in the experimentally organized economy;331
20.2.1;2.1 The static versus the experimentally organized economy;332
20.2.2;2.2 Entering a more distributed production order;333
20.2.3;2.3 Systemic productivity effects;336
20.3;3 Towards a new balance between large and small scale-theory;337
20.3.1;3.1 Schumpeterian creative destruction;338
20.3.2;3.2 Competence bloc theory;339
20.3.3;3.3 The balance of innovative ability and economies of scale;340
20.3.4;3.4 Obsolete institutions obstruct change;341
20.4;4 The three critical markets;343
20.4.1;4.1 Recycling workers back to work- the labour market;344
20.4.2;4.2 Education and competence development;345
20.4.3;4.3 Reducing entrepreneurial risks through Improved private insurance;346
20.5;5 Private citizens accounts a way out of the dilemma;347
20.5.1;5.1 Private citizens' accounts foster responsible individuals and raise people's self confidence;348
20.5.2;5.2 Private citizens' accounts finance the transition from employment to entrepreneurship;349
20.5.3;5.3 Private citizens' accounts reduce moral hazard;351
20.5.4;5.4 Private citizens' accounts get people back to work;352
20.6;6 Policy;354
21;Entrepreneurial state: The schumpeterian theory of industrial policy and the East Asian 0Miracle0;360
21.1;1 Introduction;360
21.2;2 Schumpeter on industrial policy: Approaching the entrepreneurial state;362
21.3;3 Debating industrial policy: the East Asian Miracle revisited;367
21.4;4 Towards a Schumpeterian theory of industrial policy;372
21.5;5 Conclusion;377
22;Promoting innovation and competition with patent policy;382
22.1;Abstract;382
22.1.1;Introduction;383
22.1.2;The model;385
22.1.2.1;Consumers;385
22.1.2.2;Products markets;386
22.1.2.3;R&D races;387
22.1.2.4;Values of innovations;388
22.1.2.5;The labor market and Q( t) ;392
22.1.2.6;Balanced growth equilibrium;393
22.1.3;Optimal R&D policy;397
22.1.3.1;Social optimum;397
22.1.3.2;Segerstrom and Li's matter: subsidy or tax?;397
22.1.3.3;Another matter: fiscal or patent policy?;399
22.1.3.4;The equivalent subsidy rate;400
22.1.4;Conclusion;401
22.1.5;References;402
23;Reinforcing the patent system? Effects of patent fences and knowledge diffusion on the development of new industries, technical progress and social welfare;403
23.1;1 Introduction;403
23.2;2 The model;406
23.2.1;2.1 Strategies and learning processes of firms;408
23.2.2;2.2 Technical progress and patenting;410
23.2.3;2.3 Entry and exit;411
23.3;3 Simulation protocol and results;412
23.3.1;3.1 Simulation protocol;412
23.3.2;3.2 Effectiveness of the patent system;413
23.3.3;3.3 Why do industries die?;414
23.3.4;3.4 Patent system and social welfare;415
23.3.5;3.5 Patent regimes and technical progress;417
23.3.6;3.6 The role of other dimensions of the patent system;420
23.4;4 Conclusion;421
23.5;5 Appendix: Initialization of the main parameters of the model;422
24;The structure and the emergence of essential patents for standards: Lessons from three IT standards;425
24.1;1 Introduction;426
24.2;2 Structure of the essential patents;429
24.3;3 Why so many essential patents?;430
24.4;4 Does a firm with pioneer patents make more use of the patent applications based on earlier priority dates?;434
24.5;5 Conclusions;438