Innovation and Industry EvolutionMIT Press, 1995 - 205 páginas It once took two decades to replace one-third of the Fortune 500; now a subset of new firms are challenging and displacing this elite group at a breathtaking rate, while armies of startups come and go within just a few years. Most new jobs are, in fact, coming from small firms, reversing the trend of a century. David Audretsch takes a close look at the U.S. economy in motion, providing a detailed and systematic investigation of the dynamic process by which industries and firms enter into markets, either grow and survive, or disappear. He shapes a clear understanding of the role that small, entrepreneurial firms play in this evolutionary process and in the asymmetric size distribution of firms in the typical industry.Audretsch introduces the large longitudinal database maintained by the U.S. Small Business Administration that is used to identify the startup of new firms and track their performance over time. He then provides different snapshots of the process of industries in motion: why new-firm startup activity varies so greatly across industries; what happens to these firms after they enter the market; the extent to which entrepreneurial firms account for an industry's economic activity and why that measure varies across industries; how small firms compensate for size-related disadvantages; and who exits and why.Audretsch concludes that the structure of industries is characterized by a high degree of fluidity and turbulence, even as the patterns of evolution vary considerably from industry to industry. The dynamic process by which firms and industries evolve over time is shaped by three fundamental factors: technology, scale economies, and demand. Most important, the evidence suggests that it is the differences in the knowledge conditions and technology underlying each specific industry -- key elements in innovation -- that are responsible for the pattern particular to that industry. |
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... ( alk . paper ) 1. New business enterprises . 2. Technological innovations - Economic aspects . 3. Economic development . I. Title . HD62.5.A93 1995 338'.064 - dc20 94-33655 CIP For Alexander Contents List of Tables ix xiii XV List.
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David B. Audretsch. Contents List of Tables ix xiii XV List of Figures Acknowledgments 1 Introduction 1 2 Measurement : The Longitudinal Data Base 2.1 Introduction 13 2.2 The Longitudinal Data Base 14 2.3 File Editing 16 2.4 Reliability ...
... 157 7.4 The Age Cohort of Exiting Firms 160 7.5 Conclusions 165 8 Conclusions 167 8.1 Major Findings 167 172 8.2 Broader Implications References 187 Index 203 125 132 Tables Table 2.1 Table 2.2 Table 2.3 Table 2.4 Table viii Contents.
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Contenido
The Longitudinal Data Base | 13 |
New Firms | 39 |
Survival and Growth | 65 |
Entrepreneurship | 103 |
Compensating Strategies | 123 |
Who Exits and | 149 |
Conclusions | 167 |
187 | |
203 | |
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Entrepreneurship, Innovation and Economic Growth David B. Audretsch Sin vista previa disponible - 2006 |