Comparative Industrial Evolution and the Quest for an Evolutionary Theory of Market Dynamics
AbstractThe paper makes the case for an empirically grounded, "bottom-up" approach to theory building in evolutionary industrial economics. This approach is based on studying systematically selected industries that are comparable in key dimensions. It opens up opportunities for testing the relevance, preconditions, and generality of explanatory factors in industry evolution. An illustration of the approach is subsequently given by presenting some findings on the evolution of the historical U.S. farm tractor industry. Length 23 pages
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Bibliographic InfoPaper provided by Max Planck Institute of Economics, Evolutionary Economics Group in its series Papers on Economics and Evolution with number 2006-23.
Date of creation: Dec 2006
Date of revision:
This paper has been announced in the following NEP Reports:
- NEP-ALL-2007-01-28 (All new papers)
- NEP-CSE-2007-01-28 (Economics of Strategic Management)
- NEP-EVO-2007-01-28 (Evolutionary Economics)
- NEP-HIS-2007-01-28 (Business, Economic & Financial History)
- NEP-HPE-2007-01-28 (History & Philosophy of Economics)
- NEP-PKE-2007-01-28 (Post Keynesian Economics)
- NEP-TID-2007-01-28 (Technology & Industrial Dynamics)
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