Entrepreneurship, the New Economy and Public Policy Schumpeterian Perspectives
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Uwe Cantner, Elias Dinopoulos, Robert F. Lanzillotti
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Uwe Cantner, Elias Dinopoulos, Robert F. Lanzillotti
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Entrepreneurship, the New Economy and Public Policy Schumpeterian Perspectives
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Springer-Verlag
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9783540269946
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1
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CHF 132.90
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Volkswirtschaft
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English
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346
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Wasserzeichen/DRM
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PC/MAC/eReader/Tablet
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PDF
Silicon Valley is the most salient example of high-tech industrial clusters. Public policymakersthroughouttheworl wouldliketolearnthesecretsofS liconValley in order to build their own high-tech economies. The existing literature on ind- trial clusters, which traces back to Marshall (1920), focuses on the way in which ?rms bene?t from locating in a cluster; it suggests that once a cluster comes into existence, it tends to reinforce itself by attracting more ?rms. However, a more important question is how to reach this critical mass in the ?rst place. In contrast to the literature, evidence suggests that entrepreneurs rarely move when they est- lish high-tech start-ups (Cooper and Folta, 2000). This contradicts the notion that location choice analyses lead entrepreneurs to a high-tech cluster. A high-tech industrial cluster such as Silicon Valley is characterized by c- centratedentrepreneurship. FollowingSchumpeter,weemphasi ethefactthat'the appearance of one or a few entrepreneurs facilitates the appearance of others' (Schumpeter,1934). Weproposeanagent-basedcomputa ionalmodeltoshowhow high-tech industrial clusters could emerge in a landscape in which no ?rms existed originally. The model is essentially a spatial version of the Nelson-Winter model: Boundedly rational agents are scattered over an explicitly de?ned landscape. Each agent is endowed with some technology, which determines his ?rm's productivity (if he has one). During each period of time, an agent with no ?rm would make a decision as to whether he wants to start one. This decision is mostly affected by the behavior of his social contacts, who are all his neighbors.
Editors
3
Schumpeterian Perspectives
3
Table of Contents
5
Editorial
7
Reflections on the Schumpeter I knew well
10
Schumpeter, product innovation and public policy: the case of cigarettes
15
Risk, variety and volatility: growth, innovation and stock prices in early industry evolution
37
Social networks and industrial geography
59
Growing Silicon Valley on a landscape: an agent-based approach to high-tech industrial clusters
74
The theory of the firm and the markets for strategic acquisitions
94
The growth of commercialization – facilitating organizations and practices: A Schumpeterian perspective
119
On the macroeconomic effects of establishing tradability in weak property rights
139
Capital in the new economy: A Schumpeterian perspective
165
A comparative perspective on innovation and productivity in manufacturing and services
182
Tracing empirical trails of Schumpeterian development
204
Towards an evolutionary interpretation of aggregate labor market regularities
223
An evolutionary model of international competition and growth
253
Innovation and growth in Germany over the past 150 years
267
Nonlinear dynamism of innovation and business cycles
288
The dynamic effects of general purpose technologies on Schumpeterian growth
316
