Regional Industrial Analysis and Vintage Dynamics
Among the export-oriented Nordic economies, industrial policy in the postwar period has centered on stimulating the exit of obsolete and the entry of modern production vintages, in a multiregional context. This paper presents the theoretical background for this policy in terms of models and assumptions. Moreover, it attempts to assess the critical elements of this region-specific industrial policy. Finally, the paper concludes with a suggestion about how a dynamic regional vintage theory must be reformulated in order to accomodate new phenomena in the so-called knowledge economy.
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Volume (Year): 25 (1991)
Issue (Month): 1 (March)
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