The Rise and Fall of Business Firms: A Stochastic Framework on Innovation, Creative Destruction and Growth

ISBN-13: 9781107175488 / Angielski / Twarda / 2020 / 238 str.

S. V. Buldyrev; F. Pammolli; M. Riccaboni

Opis

Combining a statistical physics approach and rigorous econometric analysis, this new framework looks at growth and decline in business firms.

Recenzje

'There is a long tradition of physicists being interested in and contributing to economics. That tradition continues here in The Rise and Fall of Business Firms. The book is based on generalized proportional growth models for the dynamics and stochastics of the growth and decline of business firms. For further studies, the book points out where more detailed specific inter-related complexities (such as among products, markets, and technologies) can be incorporated. The theoretical analysis paired with empirical data provides valuable insight for firms to understand their past trajectory and future choices.' Michael F. Schlesinger, Office of Naval Research

Spis treści

Preface; 1. Introduction; 2. Empirical regularities; 3. Innovation and the growth of business firms: a stochastic framework; 4. Testing our predictions; 5. Testing our assumptions; 6. Conclusions; 7. Appendices; References; Author index; Subject index.