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Growth of High-Tech Industries: Computers and Pharmaceuticals

In: Efficiency, Market Dynamics and Industry Growth

Author

Listed:
  • Jati Sengupta
  • Phillip Fanchon

Abstract

Economic growth of high-tech industries today such as computers, pharmaceuticals and telecommunications has been most rapid in the last two decades. This growth has been fueled mainly by technological advance, market growth with scale economies and other innovations like new product development and R&D investments. Efficiency and productivity gains in the leading firms have played a central role in this growth process and our object here is to analyze the dynamics of this efficiency change in two important industries, e.g., computers and pharmaceuticals.

Suggested Citation

  • Jati Sengupta & Phillip Fanchon, 2009. "Growth of High-Tech Industries: Computers and Pharmaceuticals," Palgrave Macmillan Books, in: Efficiency, Market Dynamics and Industry Growth, chapter 3, pages 58-84, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-24866-3_3
    DOI: 10.1057/9780230248663_3
    as

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