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Learning and the Sources of Corporate Growth

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Author Info

  • Mariana Mazzucato

    (Department of Economics, Faculty of Social Sciences, The Open University)

  • Paul A Geroski

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 pre and post the Second War, the basic conclusion that we are drawn to is that learning in this sector is largely unsystematic and opportunistic.

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Bibliographic Info

Paper provided by The Open University, Faculty of Social Sciences, Department of Economics in its series Open Discussion Papers in Economics with number 43.

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Length: 31 pages
Date of creation: Jun 2001
Date of revision:
Publication status: Published in Oxford University Press, vol. 11(4), pages 623-644, August
Handle: RePEc:opn:wpaper:43

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Keywords: Market Structure; Firm Strategy; and Market Performance; Technological Change;

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