Leadership, Flexibility, and Growth
The author first presents three different facets of leader-follower structures that could be introduced in formal theoretical growth models to make explicit the process by which followers may be able to catch up with leaders. He then stresses the need for models with multiple final goods, incorporating new technologies characterized as flexible manufacturing systems, since growth is also a matter of better matching between products and preferences. Finally, the author addresses the question of how a leader-follower structure affects the incentives to invest strategically in flexible manufacturing systems technologies.
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Volume (Year): 24 (1991)
Issue (Month): 4 (November)
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