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Knowledge and Creative Destruction over the Industry Life Cycle - The Case of the German Automobile Industry

Author

Listed:
  • Uwe Cantner

    (University of Jena, Faculty of Economics)

  • Kristina Dreßler

    (University of Jena, Faculty of Economics)

  • Jens J. Krüger

    (University of Jena, Faculty of Economics)

Abstract

This paper investigates how the survival of firms over the industry life cycle is affected by different kinds of knowledge, namely post-entry experience, pre-entry experience, and knowledge acquired by innovative activity. Therefore, a statistical survival analysis is performed for the German automobile industry over the period 1886- 1939 which applies a new approach that links instrumental variable estimation with the Cox regression. The main results are that all three knowledge components exert a significantly positive effect on the survival of firms. Furthermore, innovative activity is able to compensate for lacking pre-entry or post-entry experience, completely in accord with Schumpeterian creative destruction.

Suggested Citation

  • Uwe Cantner & Kristina Dreßler & Jens J. Krüger, 2005. "Knowledge and Creative Destruction over the Industry Life Cycle - The Case of the German Automobile Industry," Jenaer Schriften zur Wirtschaftswissenschaft (Expired!) 05/2005, Friedrich Schiller University of Jena, School of of Economics and Business Administration.
    • Handle: RePEc:jen:jenasw:2005-05
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    Cited by:

    1. is not listed on IDEAS
    2. Krüger, Jens, 2015. "Survival analysis in product life cycle investigations: An assessment of robustness for the German automobile industry," Darmstadt Discussion Papers in Economics 223, Darmstadt University of Technology, Department of Law and Economics.
    3. Ann Hipp, 2021. "R&D collaborations along the industry life cycle: the case of German photovoltaics manufacturer [Patterns of industrial innovation]," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 30(3), pages 564-586.
    4. Kurt Dopfer, 2011. "Mesoeconomics: A Unified Approach to Systems Complexity and Evolution," Chapters, in: Cristiano Antonelli (ed.), Handbook on the Economic Complexity of Technological Change, chapter 13, Edward Elgar Publishing.
    5. Dosi, Giovanni & Nelson, Richard R., 2010. "Technical Change and Industrial Dynamics as Evolutionary Processes," Handbook of the Economics of Innovation, in: Bronwyn H. Hall & Nathan Rosenberg (ed.), Handbook of the Economics of Innovation, edition 1, volume 1, chapter 0, pages 51-127, Elsevier.
    6. Jianxiong Chen & Chung-Cheng Yang, 2021. "Competitive Revenue Strategies in the Medical Consumables Industry: Evidence from Human Resources, Research and Development Expenses and Industry Life Cycle," IJERPH, MDPI, vol. 18(6), pages 1-20, March.
    7. Uwe Cantner, 2017. "Foundations of Economic Change: An Extended Schumpeterian Approach," Economic Complexity and Evolution, in: Andreas Pyka & Uwe Cantner (ed.), Foundations of Economic Change, pages 9-49, Springer.
    8. Andreas Pyka & Uwe Cantner & Alfred Greiner & Thomas Kuhn (ed.), 2009. "Recent Advances in Neo-Schumpeterian Economics," Books, Edward Elgar Publishing, number 12982.
    9. Guido Buenstorf, 2017. "Schumpeterian Incumbents and Industry Evolution," Economic Complexity and Evolution, in: Andreas Pyka & Uwe Cantner (ed.), Foundations of Economic Change, pages 283-297, Springer.
    10. Krüger, Jens J. & von Rhein, Kristina, 2015. "Macroeconomic development and the life cycle of the German automobile industry, 1886-1939," Darmstadt Discussion Papers in Economics 224, Darmstadt University of Technology, Department of Law and Economics.
    11. Roberto Fontana & Franco Malerba & Astrid Marinoni, 2016. "Pre-entry experience, technological complementarities, and the survival of de-novo entrants. Evidence from the US telecommunications industry," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 25(6), pages 573-593, September.

    More about this item

    Keywords

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    JEL classification:

    • L10 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - General
    • L62 - Industrial Organization - - Industry Studies: Manufacturing - - - Automobiles; Other Transportation Equipment; Related Parts and Equipment
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • C41 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Duration Analysis; Optimal Timing Strategies

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    1. Studies on the automobile industry

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