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Non shakeout patterns of industry evolution. The case of turboprop engine industry


  • Andrea Bonaccorsi
  • Paola Giuri


A careful case study of the entire history of the turboprop engine industry (1948-1997) is offered as an example of non shakeout pattern. The persistence of high concentration is not associated to the exit of smaller manufacturers, but instead a stable coexistence of generalist and specialist strategies emerges, in sharp contrast to the pattern observed in the otherwise similar jet engine industry. This paper operationalises the relevant variables of a more general theory of industry life cycle by taking into account the lack of creation of significant increasing returns in R&D, manufacturing or marketing, which is commonly found in industries which produce systemic products.

Suggested Citation

  • Andrea Bonaccorsi & Paola Giuri, 1999. "Non shakeout patterns of industry evolution. The case of turboprop engine industry," LEM Papers Series 1999/10, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
  • Handle: RePEc:ssa:lemwps:1999/10

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    References listed on IDEAS

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    2. Kenney, Martin & von Burg, Urs, 1999. "Technology, Entrepreneurship and Path Dependence: Industrial Clustering in Silicon Valley and Route 128," Industrial and Corporate Change, Oxford University Press, vol. 8(1), pages 67-103, March.
    3. Langlois, Richard N. & Robertson, Paul L., 1992. "Networks and innovation in a modular system: Lessons from the microcomputer and stereo component industries," Research Policy, Elsevier, vol. 21(4), pages 297-313, August.
    4. Richard Blundell & Ian Preston, 1998. "Consumption Inequality and Income Uncertainty," The Quarterly Journal of Economics, Oxford University Press, vol. 113(2), pages 603-640.
    5. Peter Gottschalk & Robert Moffitt, 1994. "The Growth of Earnings Instability in the U.S. Labor Market," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 25(2), pages 217-272.
    6. Gambardella,Alfonso, 1995. "Science and Innovation," Cambridge Books, Cambridge University Press, number 9780521451185, March.
    7. Rothschild, Michael & Stiglitz, Joseph E., 1970. "Increasing risk: I. A definition," Journal of Economic Theory, Elsevier, vol. 2(3), pages 225-243, September.
    8. Fosfuri, Andrea & Arora, Ashish & Gambardella, Alfonso, 1999. "Markets for technology (why do we see them, why don't we see more of them and why we should care)," DEE - Working Papers. Business Economics. WB 6520, Universidad Carlos III de Madrid. Departamento de Economía de la Empresa.
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    Cited by:

    1. Bonaccorsi, Andrea & Giuri, Paola, 2001. "The long-term evolution of vertically-related industries," International Journal of Industrial Organization, Elsevier, vol. 19(7), pages 1053-1083, July.
    2. Andrea Bonaccorsi & Paola Giuri, 2000. "Industry Life Cycle and the Evolution of an Industry Network," LEM Papers Series 2000/04, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
    3. Bonaccorsi, Andrea & Giuri, Paola, 2001. "Network structure and industrial dynamics. The long-term evolution of the aircraft-engine industry," Structural Change and Economic Dynamics, Elsevier, vol. 12(2), pages 201-233, July.
    4. Andrea Bonaccorsi & R. Cambini & Paola Giuri & R. Riccardi, 2001. "Non ergodic properties of the dynamics of industry concentration," LEM Papers Series 2001/12, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.


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