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Learning and the sources of corporate growth

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Author Info
Paul Geroski
Mariana Mazzucato

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Abstract

This paper explores the link between learning and corporate growth by developing different models of learning and showing that they produce observably different models of corporate growth. Using data on the growth of a number of firms in the US automobile industry during the 20th century, we compare these different models of growth in an effort to identify the major sources of learning which these firms seem to have relied on. Although there are interesting differences between growth processes before and after the Second World War, the basic conclusion that we are drawn to is that learning in this sector is largely unsystematic and opportunistic. Copyright 2002, Oxford University Press.

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Publisher Info
Article provided by Oxford University Press in its journal Industrial and Corporate Change.

Volume (Year): 11 (2002)
Issue (Month): 4 (August)
Pages: 623-644
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Handle: RePEc:oup:indcch:v:11:y:2002:i:4:p:623-644

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  1. Alex Coad, 2007. "A Closer Look at Serial Growth Rate Correlation," Review of Industrial Organization, Springer, vol. 31(1), pages 69-82, August. [Downloadable!] (restricted)
    Other versions:
  2. Saripalle, Madhuri, 2006. "Learning across policy regimes: The impact of protection vis-à-vis competition in the Indian automotive industry," MPRA Paper 1701, University Library of Munich, Germany. [Downloadable!]
  3. Marco Corsino, 2008. "Product Innovation and Growth: The Case of Integrated Circuits," LEM Papers Series 2008/02, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy. [Downloadable!]
    Other versions:
  4. Alex Coad, 2006. "Understanding the processes of firm Growth - a closer look at serial growth rate correlation," Cahiers de la Maison des Sciences Economiques r06051, Université Panthéon-Sorbonne (Paris 1). [Downloadable!]
  5. René Böheim & Alfred Stiglbauer & Rudolf Winter-Ebmer, 2008. "On the Persistence of Job Creation in Old and New Firms," Economics working papers 2008-04, Department of Economics, Johannes Kepler University Linz, Austria. [Downloadable!]
    Other versions:
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This page was last updated on 2009-11-28.


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