Technological Races in Global Industries (Technology Races)
AbstractThe starting point of our consideration on technological racing are stochastic models that view corporations as moving objects to approach a stochastic destination. A major focus is the strategic orientation of corporations in participating in such a race , revealing empirically observable phenomena such as 'catchup' and 'leapfrogging', as supported by statistical measurements. Next to the analysis of behavioural patterns on the corporate or industry level is their aggregation on a national scale that extends to racing on economic growth among (groups of) countries. A major conjecture of the paper is that technological racing patterns on a micro scale reinforce globalization and limit control of national and industry policy.
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Bibliographic InfoPaper provided by Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy in its series CSEF Working Papers with number 62.
Date of creation: 01 Jul 2001
Date of revision:
This paper has been announced in the following NEP Reports:
- NEP-ALL-2001-11-05 (All new papers)
- NEP-DEV-2001-11-05 (Development)
- NEP-INO-2001-11-05 (Innovation)
- NEP-TID-2001-11-05 (Technology & Industrial Dynamics)
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- Harris, Christopher & Vickers, John, 1987. "Racing with Uncertainty," Review of Economic Studies, Wiley Blackwell, vol. 54(1), pages 1-21, January.
- Jean Tirole, 1988. "The Theory of Industrial Organization," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262200716, December.
- Elise Brezis & Paul Krugman & Daniel Tsiddon, 1991. "Leapfrogging: A Theory of Cycles in National Technological Leadership," NBER Working Papers 3886, National Bureau of Economic Research, Inc.
- Ulph, David & Owen, Robert, 1994. "Racing in Two Dimensions," Journal of Evolutionary Economics, Springer, vol. 4(3), pages 185-206, September.
- Abramovitz, Moses, 1986. "Catching Up, Forging Ahead, and Falling Behind," The Journal of Economic History, Cambridge University Press, vol. 46(02), pages 385-406, June.
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