Technological Change and Network Effects in Growth Regimes

Technological Change and Network Effects in Growth Regimes
Author: Torsten Heinrich
Publisher: Routledge
Total Pages: 385
Release: 2014-06-03
Genre: Business & Economics
ISBN: 1136221174

In this new volume it is argued that network effects are much more common than usually assumed, and that they have a profound impact on many aspects of economic systems, especially technological change and economic growth. The analysis and modelling of this interrelationship is the central focus of this book. While there exists a vast body of literature on economic growth, the theories put forward so far have had limited success in explaining observed patterns of economic growth. ‘Growth cycles’ in particular continue to elude standard economic models, though evolutionary economics has made some progress. Seeking to fill the gap, Torsten Heinrich’s innovative approach uses microeconomics to explain heterogeneous sectoral dynamics on the meso level, and then aggregating these to observed macroeconomic growth rates. In this way, it is shown that an evolutionary model of technological change with network effects can explain not only commonly observed asymmetric industry structures, monopolies and oligopolies but also ‘growth cycles’. The book includes a comprehensive account of the most influential economic growth theories, a discussion of the research on network effects as well as an introduction to the methodology, the model, and a case study on the recent emergence of information and communication technology. This important new volume will be relevant to all those interested in theoretical economics, growth theory, innovation economics, agent based modelling and industry dynamics.

The Global Restructuring of the Steel Industry

The Global Restructuring of the Steel Industry
Author: Anthony D'Costa
Publisher: Routledge
Total Pages: 174
Release: 1999-01-28
Genre: Business & Economics
ISBN: 1134753098

Drawing upon case studies of the steel industry in the US, Japan, South Korea, Brazil and India, this book explains how and why the steel industry has shifted from advanced capitalist countries to late industrializing countries. Anthony P. D'Costa examines the relationship between industrial change and institutional responses to technological diffu

eBook: Economics 20th Edition

eBook: Economics 20th Edition
Author: MCCONNELL
Publisher: McGraw Hill
Total Pages: 982
Release: 2017-02-15
Genre: Business & Economics
ISBN: 1526865017

eBook: Economics 20th Edition

The Italian Multinationals (RLE International Business)

The Italian Multinationals (RLE International Business)
Author: Fabrizio Onida
Publisher: Routledge
Total Pages: 202
Release: 2013-01-04
Genre: Business & Economics
ISBN: 1135133581

This book, based on extensive, original, detailed research presents a comprehensive overview of the Italian multinationals and their activities during the 1990s. It: surveys the size, geographical and sectoral distribution of Italian multinationals examines why they went international, how and what they gained discusses the strategic position of Italian multinationals in the world economy examines the effect of multinationals investment both inward and outward on the Italian economy provides detail on individual companies

Capitalism and Freedom

Capitalism and Freedom
Author: Peter Nolan
Publisher: Anthem Press
Total Pages: 359
Release: 2008
Genre: Business & Economics
ISBN: 1843312824

Since ancient times the exercise of individual freedoms has been inseparable from the expansion of the market, driven by the search for profit. This force, namely capitalism, has stimulated human creativity and aggression in ways that have produced immense benefits. As capitalism has broadened its scope in the epoch of globalization, these benefits have become even greater. In an epoch of capitalist globalization, its contradictions have intensified. They comprehensively threaten the natural environment. They have intensified global inequality within both rich and poor countries, and between the internationalized global power elite and the mass of citizens rooted within their respective nation. This book explores the impact of the domineering economic phenomenon on our personal and social liberties.

Diversification, Industry Dynamism, and Economic Performance

Diversification, Industry Dynamism, and Economic Performance
Author: Matthias Knecht
Publisher: Springer Science & Business Media
Total Pages: 365
Release: 2013-07-01
Genre: Business & Economics
ISBN: 3658026774

​The decision to diversify lies at the core of corporate strategy and is one of the most important decisions for top management. Matthias Knecht introduces a new perspective on corporate diversification that extends the academic discussion and reveals substantial new insights with regards to one of the most pressing questions in strategic management: what makes a diversification strategy successful? The author introduces the dynamism of industries as the dominant force in the firm’s environment that influences the organization on all levels. Due to strategic, organizational, and managerial similarities of businesses competing in similar dynamic environments, synergistic benefits and superior economic performance can be realized through the combination of dynamic-related businesses in the corporate portfolio. This study provides a quantitative, multidimensional operationalization of industry dynamism and an in-depth assessment of the dynamism of a wide range of industries. At the core of the study lies the investigation of the performance impact of dynamic-related diversification strategies. The results provide new insights into successful portfolio construction strategies in the face of today’s dynamic environments.

Planning War, Pursuing Peace

Planning War, Pursuing Peace
Author: Paul A. C. Koistinen
Publisher: University Press of Kansas
Total Pages: 452
Release: 1998-06-19
Genre: History
ISBN: 0700621156

In the years following World War I, America's armed services, industry, and government took lessons from that conflict to enhance the country's ability to mobilize for war. Paul Koistinen examines how today's military-industrial state emerged during that period-a time when the army and navy embraced their increasing reliance on industry, and business accelerated its efforts to prepare the country for future wars. Planning War, Pursuing Peace is the third of an extraordinary five-volume study on the political economy of American warfare. It differs from preceding volumes by examining the planning and investigation of war mobilization rather than the actual harnessing of the economy for hostilities; and it is also the first book to treat all phases of the political economy of wartime during those crucial interwar years. Koistinen first describes and analyzes the War and Navy Departments' procurement and economic mobilization planning-never before examined in its entirety-and conveys the enormity of the task faced by the military in establishing ties with many sectors of the economy. He tells how the War Department created commodity committees to carry on the work of World War I's War Industries Board, and how both military and industrial powers strove to protect their mutual interests against those seeking to avoid war and to reform society. Koistinen then describes the American public's struggle to come to terms with modern warfare through the in-depth explorations of the work of the House Select Committee on Expenditures in the War Department, the War Policies Commission, and the Senate Special Committee Investigating the Munitions Industry. He tells how these investigations alarmed pacifists, isolationists, and neo-Jeffersonians, and how they led Senator Gerald Nye and others to warn against the creation of "unhealthy alliances" between the armed services and industry. Planning War, Pursuing Peace clearly shows how the U.S. economy was both directly and indirectly planned based on knowledge gained from World War I. By revealing vital and previously unexplored links between America's World Wars, it further illuminates the political economy of twentieth-century warfare as a complex and continually evolving process.