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special issue: A resource-based view of Schumpeterian economic dynamics

Author

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  • John A. Mathews

    (Macquarie Graduate School of Management, Macquarie University, Sydney, NSW 2109, Australia)

Abstract

This paper seeks to offer a theoretical platform where the modern "resource-based view" of the firm might meet with evolutionary economics and the study of entrepreneurship, and with the economics of industrial organization. It does so by proposing the concept of the "resource economy" within which productive resources are produced and exchanged between firms. This is presented as the dual of the mainstream goods and services economy - where the "resource economy" captures the dynamic capital structure of the economy. The paper is concerned to bring out the distinctive principles governing resource dynamics in the resource economy, capturing competitive dynamics in such categories as resource creation, replication, propagation, exchange and leverage; evolutionary dynamics in terms of resource variation, selection and retention; entrepreneurial dynamics in terms of resource recombination and resource imitation, transfer and substitution; and industrial organizational dynamics in terms of resource configuration, resource complementarities and resource trajectories.

Suggested Citation

  • John A. Mathews, 2002. "special issue: A resource-based view of Schumpeterian economic dynamics," Journal of Evolutionary Economics, Springer, vol. 12(1), pages 29-54.
    • Handle: RePEc:spr:joevec:v:12:y:2002:i:1:p:29-54
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    Citations

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    Cited by:

    1. Jae Wook Yoo & Richard Reed & Shung Jae Shin & David J. Lemak, 2009. "Strategic Choice and Performance in Late Movers: Influence of the Top Management Team's External Ties," Journal of Management Studies, Wiley Blackwell, vol. 46(2), pages 308-335, March.
    2. Galbreath, Jeremy & Galvin, Peter, 2008. "Firm factors, industry structure and performance variation: New empirical evidence to a classic debate," Journal of Business Research, Elsevier, vol. 61(2), pages 109-117, February.
    3. Sascha Kraus & Christine Mitter & Felix Eggers & Philipp Stieg, 2017. "Drivers of internationalization success: a conjoint choice experiment on German SME managers," Review of Managerial Science, Springer, vol. 11(3), pages 691-716, July.
    4. Rafał Śliwiński, 2012. "Zasoby kształtujące konkurencyjność polskich przedsiębiorstw," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 4, pages 31-60.
    5. Zander, Ivo, 2004. "The microfoundations of cluster stickiness--walking in the shoes of the entrepreneur," Journal of International Management, Elsevier, vol. 10(2), pages 151-175.
    6. Sophie Bacq & Kimberly A. Eddleston, 2018. "A Resource-Based View of Social Entrepreneurship: How Stewardship Culture Benefits Scale of Social Impact," Journal of Business Ethics, Springer, vol. 152(3), pages 589-611, October.
    7. Verónica Robert & Gabriel Yoguel & Octavio Lerena, 2017. "The ontology of complexity and the neo-Schumpeterian evolutionary theory of economic change," Journal of Evolutionary Economics, Springer, vol. 27(4), pages 761-793, September.
    8. José A. Gómez‐Limón & Sandra Sánchez‐Cañizares & Amalia Hidalgo‐Fernández & Ana M. Castillo‐Canalejo, 2023. "Profit and viability persistence: Evidence from the Spanish agricultural sector," Agribusiness, John Wiley & Sons, Ltd., vol. 39(4), pages 1300-1332, October.
    9. Eike W Schamp, 2005. "Decline of the District, Renewal of Firms: An Evolutionary Approach to Footwear Production in the Pirmasens Area, Germany," Environment and Planning A, , vol. 37(4), pages 617-634, April.
    10. Lähtinen, Katja & Toppinen, Anne, 2008. "Financial performance in Finnish large- and medium-sized sawmills: The effects of value-added creation and cost-efficiency seeking," Journal of Forest Economics, Elsevier, vol. 14(4), pages 289-305, November.
    11. Jeremy Morrow & Simon Mowatt, 2020. "The freedom within framework: A multilevel perspective on developing green capabilities through routines in service organisations," Business Strategy and the Environment, Wiley Blackwell, vol. 29(7), pages 2895-2907, November.
    12. Pulles, Niels J. & Schiele, Holger, 2013. "Social Capital Determinants of Preferential Resource Allocation in Regional Clusters," management revue - Socio-Economic Studies, Nomos Verlagsgesellschaft mbH & Co. KG, vol. 24(2), pages 96-113.
    13. JinHyo Joseph Yun & DongKyu Won & KyungBae Park, 2018. "Entrepreneurial cyclical dynamics of open innovation," Journal of Evolutionary Economics, Springer, vol. 28(5), pages 1151-1174, December.
    14. Schiele, Holger & Krummaker, Stefan, 2011. "Consortium benchmarking: Collaborative academic-practitioner case study research," Journal of Business Research, Elsevier, vol. 64(10), pages 1137-1145, October.
    15. Silvia Ayuso & Mercè Roca & Jorge A. Arevalo & Deepa Aravind, 2016. "What Determines Principle-Based Standards Implementation? Reporting on Global Compact Adoption in Spanish Firms," Journal of Business Ethics, Springer, vol. 133(3), pages 553-565, February.

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