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Endogenous Market Structures and the Macroeconomy

Author : Federico Etro
Publisher : Springer Science & Business Media
Page : 363 pages
File Size : 45,83 MB
Release : 2009-06-17
Category : Business & Economics
ISBN : 3540874275

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This is a key year for the evolution of international markets. The global economy is experiencing the most severe downturn since the thirties, it is temporarily leaving a path of sustained growth that characterized the last decades, and is facing an impressive decline of trade between countries. Banks are going bankrupt, the stock market has crashed, rms are going out of bu- ness or drastically reducing their production and exports, workers are being red and investment in new business creation or innovation is shrinking. Meanwhile, consumers con dence has dropped at its minimum, aggregate demand has been declining for months and expansionary policies and int- national coordination have failed to counteract the crisis until now. It is quite likely that all this will change sooner or later, but at the end of this crisis our understanding of the macroeconomy may change as well. In front of these crucial events, this book is not an attempt at proposing a radically new way of interpreting macroeconomic phenomena, and, as a m- ter of fact, it is not even a book on macroeconomic theory. My more modest goal is to collect a number of insights derived from recent research on the role of competition and innovation in the analysis of three topics: business cycles, trade and growth through innovations.

The Theory of the Firm

Author : Daniel F. Spulber
Publisher : Cambridge University Press
Page : 542 pages
File Size : 24,87 MB
Release : 2009-04-13
Category : Business & Economics
ISBN : 0521517389

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The Theory of the Firm presents an innovative general analysis of the economics of the firm.

Entrepreneurship and the Market Process

Author : David A Harper
Publisher : Routledge
Page : 409 pages
File Size : 43,99 MB
Release : 2002-01-08
Category : Business & Economics
ISBN : 1134791593

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Enterpreneurship is central to the market process, and yet most theories of it fail to tackle the problem of how economic agents learn from their experience. This book redresses this by systematically applying the ideas of Karl Popper. It treats the entrepeneur as a theorist who develops conjectures which are then tested by exposure to the market, in an effort to eliminate errors. This is a critical aspect of the development of new ventures, as most entrepeneurial ideas turn out to be mistakes, at least in their original form.

Entrepreneurship and the Market Process

Author : Arielle John
Publisher : Springer Nature
Page : 206 pages
File Size : 47,73 MB
Release : 2020-12-14
Category : Business & Economics
ISBN : 3030424081

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What is the significance of entrepreneurship in an economy? Scholars have argued that when the market is viewed as a process of perpetual adjustment to various forces, and not as a set of end-state prices and quantities simply arrived at, the role of the entrepreneur comes to the fore. What then are fruitful ways to conceive of the phenomenon of entrepreneurship? How do entrepreneurs both respond to and shape larger forces in the economy? In what ways can political institutions and government regulation shape the decisions made by entrepreneurs, and their responsiveness to consumers? How does the cultural environment influence the types of opportunities that an entrepreneur will notice and act on? Finally, is entrepreneurial behavior strictly limited to activity we see in the market? This edited volume—comprised of chapters by scholars and students studying from the disciplines of sociology and economics—examines entrepreneurship theoretically and applied to various cases. It provides an overview of the economic literature on entrepreneurship and puts forth a framework for understanding the market process, as well the policy implications of government intervention and cultural considerations in the market. It will be of use to any scholars, students, practitioners or policymakers interested in entrepreneurship.

Sustaining Entrepreneurship and Economic Growth

Author : Max Keilbach
Publisher : Springer Science & Business Media
Page : 220 pages
File Size : 41,46 MB
Release : 2008-11-13
Category : Business & Economics
ISBN : 0387786953

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Academic research on developed countries has scientifically evaluated the role of entrepreneurship on economic growth, market expansion, commercializing innovation, and reducing unemployment. In this research, regions or industries with higher rates of entrepreneurship show higher levels of innovation and economic growth. The literature on entrepreneurship and innovation has largely ignored developing countries, despite the positive results from new venture investments in India, China, and elsewhere. This volume bridges this gap by bringing together research by scholars in Germany and India, whose analysis of entrepreneurship, innovation, and economic development in their respective countries reveals commonalities. Covering such timely issues as R&D and labor policies and including case examples from the chemical, biotech, and IT industries, the authors offer insight into the entrepreneurial process. The volume concludes with a discussion of the global implications for entrepreneurship research and policy.

Driving Complexity in Economic Development

Author : Diego Gomez
Publisher : Springer Nature
Page : 453 pages
File Size : 40,79 MB
Release : 2023-08-23
Category : Business & Economics
ISBN : 3031343867

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This book analyzes the role of institutions in conditioning entrepreneurship and innovation to achieve economic development. Set against the backdrop of populism, this book is based on the premise that formal and informal institutional factors and entrepreneurship are closely linked and that studying the economic development of both developed and emerging economies can help us disentangle the role of entrepreneurship and innovation in developing countries. Using institutional economics as a main theoretical framework and the sociotechnical subsystems as a complementary approach, the authors present a detailed literature review to demonstrate that it is possible to identify the true role of entrepreneurship and innovation in the economic development process. The book embraces complexity to better measure and comprehend economic development, bringing a more compelling perspective on the importance of entrepreneurship and innovation for different dimensions of development. A valuable resource for students, scholars, and policymakers, the authors offer clear recommendations for developing countries.

Entrepreneurship and Economic Growth

Author : David B. Audretsch
Publisher : Oxford University Press
Page : 236 pages
File Size : 45,51 MB
Release : 2006-04-27
Category : Business & Economics
ISBN : 0198040490

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By serving as a conduit for knowledge spillovers, entrepreneurship is the missing link between investments in new knowledge and economic growth. The knowledge spillover theory of entrepreneurship provides not just an explanation of why entrepreneurship has become more prevalent as the factor of knowledge has emerged as a crucial source for comparative advantage, but also why entrepreneurship plays a vital role in generating economic growth. Entrepreneurship is an important mechanism permeating the knowledge filter to facilitate the spill over of knowledge and ultimately generate economic growth.