Entrepreneurship, the New Economy and Public Policy: Schumpeterian Perspectives

ISBN-13: 9783642061509 / Angielski / Miękka / 2010 / 346 str.

Uwe Cantner; Elias Dinopoulos; Robert F. Lanzillotti

Opis

Silicon Valley is the most salient example of high-tech industrial clusters. Public policymakersthroughouttheworldwouldliketolearnthesecretsofSiliconValley in order to build their own high-tech economies. The existing literature on ind- trial clusters, which traces back to Marshall (1920), focuses on the way in which ?rms bene't from locating in a cluster; it suggests that once a cluster comes into existence, it tends to reinforce itself by attracting more ?rms. However, a more important question is how to reach this critical mass in the ?rst place. In contrast to the literature, evidence suggests that entrepreneurs rarely move when they est- lish high-tech start-ups (Cooper and Folta, 2000). This contradicts the notion that location choice analyses lead entrepreneurs to a high-tech cluster. A high-tech industrial cluster such as Silicon Valley is characterized by c- centratedentrepreneurship. FollowingSchumpeter, weemphasizethefactthat the appearance of one or a few entrepreneurs facilitates the appearance of others (Schumpeter,1934). Weproposeanagent-basedcomputationalmodeltoshowhow high-tech industrial clusters could emerge in a landscape in which no ?rms existed originally. The model is essentially a spatial version of the Nelson-Winter model: Boundedly rational agents are scattered over an explicitly de?ned landscape. Each agent is endowed with some technology, which determines his ?rm s productivity (if he has one). During each period of time, an agent with no ?rm would make a decision as to whether he wants to start one. This decision is mostly affected by the behavior of his social contacts, who are all his neighbors."

Spis treści

Editorial.- Reflections on the Schumpeter I knew well.- Schumpeter, product innovation and public policy: the case of cigarettes.- Risk, variety and volatility: growth, innovation and stock prices in early industry evolution.- Social networks and industrial geography.- Growing Silicon Valley on a landscape: an agent-based approach to high-tech industrial clusters.- The theory of the firm and the markets for strategic acquisitions.- The growth of commercialization — facilitating organizations and practices: A Schumpeterian perspective.- On the macroeconomic effects of establishing tradability in weak property rights.- Capital in the new economy: A Schumpeterian perspective.- A comparative perspective on innovation and productivity in manufacturing and services.- Tracing empirical trails of Schumpeterian development.- Towards an evolutionary interpretation of aggregate labor market regularities.- An evolutionary model of international competition and growth.- Innovation and growth in Germany over the past 150 years.- Nonlinear dynamism of innovation and business cycles.- The dynamic effects of general purpose technologies on Schumpeterian growth.

O autorze

Uwe Cantner, geb. 1960, ist seit 2000 Inhaber des Lehrstuhls VWL, insbesondere Mikroökonomik, an der Friedrich-Schiller-Universität Jena.