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Innovation Competition And Growth
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Book Synopsis Competition and Growth by : Philippe Aghion
Download or read book Competition and Growth written by Philippe Aghion and published by MIT Press. This book was released on 2008-01-25 with total page 115 pages. Available in PDF, EPUB and Kindle. Book excerpt: Though competition occupies a prominent place in the history of economic thought, among economists today there is still a limited, and sometimes contradictory, understanding of its impact. In Competition and Growth, Philippe Aghion and Rachel Griffith offer the first serious attempt to provide a unified and coherent account of the effect competition policy and deregulated entry has on economic growth. The book takes the form of a dialogue between an applied theorist calling on "Schumpeterian growth" models and a microeconometrician employing new techniques to gauge competition and entry. In each chapter, theoretical models are systematically confronted with empirical data, which either invalidates the models or suggests changes in the modeling strategy. Aghion and Griffith note a fundamental divorce between theorists and empiricists who previously worked on these questions. On one hand, existing models in industrial organization or new growth economics all predict a negative effect of competition on innovation and growth: namely, that competition is bad for growth because it reduces the monopoly rents that reward successful innovators. On the other hand, common wisdom and recent empirical studies point to a positive effect of competition on productivity growth. To reconcile theory and evidence, the authors distinguish between pre- and post-innovation rents, and propose that innovation may be a way to escape competition, an idea that they confront with microeconomic data. The book's detailed analysis should aid scholars and policy makers in understanding how the benefits of tougher competition can be achieved while at the same time mitigating the negative effects competition and imitation may have on some sectors or industries.
Book Synopsis Schumpeterian Perspectives on Innovation, Competition and Growth by : Uwe Cantner
Download or read book Schumpeterian Perspectives on Innovation, Competition and Growth written by Uwe Cantner and published by Springer Science & Business Media. This book was released on 2009-07-25 with total page 442 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recent developments in economics have gone from the recognition of the importance of innovation for growth and the exploration of innovation mechanisms to the incorporation of the results of the previous research into economic models. An important lesson to be drawn from all this research is that a purely macro-based analysis of growth is not enough. The various mechanisms of innovation creation and diffusion, the importance of agent heterogeneity, of market selection processes, of the internal organization of the firm and of organizational routines, and the obsolescence and the consequent emergence of new types of capital goods are a few examples of micro-economic phenomena that contribute decisively to macro-economic development. The papers in this volume approach those issues from a Schumpeterian point of view and tackle issues like the growing importance of knowledge and human capital; increasing returns and path dependence; the role of variety in economic growth; competition and industry evolution.
Book Synopsis Competition, Innovation, and Inclusive Growth by : International Monetary Fund
Download or read book Competition, Innovation, and Inclusive Growth written by International Monetary Fund and published by International Monetary Fund. This book was released on 2021-03-19 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: We provide an overview of the theories and empricial evidence on the complex relationship among innovation, competition, and inclusive growth. Competition and innovation-led growth are critical to drive productivity gains and support broad-based growth. However, new technologies and trends in market concentration are stifling future innovation while contributing to the marked increase in inequality. Beyond consumer welfare in a narrow market, competition policy should adapt to this new reality by considering the spillover and dynamic effects of market power, especially on firm entry, innovation, and inequality. Innovation policies should tackle not only government failures but also market failures.
Book Synopsis Schumpeterian Perspectives on Innovation, Competition and Growth by : Uwe Cantner
Download or read book Schumpeterian Perspectives on Innovation, Competition and Growth written by Uwe Cantner and published by Springer. This book was released on 2009-08-29 with total page 450 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recent developments in economics have gone from the recognition of the importance of innovation for growth and the exploration of innovation mechanisms to the incorporation of the results of the previous research into economic models. An important lesson to be drawn from all this research is that a purely macro-based analysis of growth is not enough. The various mechanisms of innovation creation and diffusion, the importance of agent heterogeneity, of market selection processes, of the internal organization of the firm and of organizational routines, and the obsolescence and the consequent emergence of new types of capital goods are a few examples of micro-economic phenomena that contribute decisively to macro-economic development. The papers in this volume approach those issues from a Schumpeterian point of view and tackle issues like the growing importance of knowledge and human capital; increasing returns and path dependence; the role of variety in economic growth; competition and industry evolution.
Book Synopsis Innovation Clusters and Interregional Competition by : Johannes Bröcker
Download or read book Innovation Clusters and Interregional Competition written by Johannes Bröcker and published by Springer Science & Business Media. This book was released on 2012-11-02 with total page 413 pages. Available in PDF, EPUB and Kindle. Book excerpt: The world's leading experts contribute to our understanding of regional innovation, cluster formation and the factors that influence regional productivity and innovative performance. The text improves our understanding of the reasons why, how and where innovation clusters emerge, as well as the factors that determine their respective success or failure. In doing so, it provides a timely and comprehensive picture on innovation, location, networks and clusters as important means in an environment of intensifying interregional competition. The book is written for professional researchers as well as for students and practitioners in politics, business and consultancy.
Book Synopsis Innovation Tournaments by : Christian Terwiesch
Download or read book Innovation Tournaments written by Christian Terwiesch and published by Harvard Business Press. This book was released on 2009-06-09 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: Managers, entrepreneurs, and venture capitalists all seek to maximize the financial returns from innovation, and profits are driven largely by the quality of the opportunities they pursue. Based on a structured and process-driven approach this book demonstrates how to systematically identify exceptional opportunities for innovation. An innovation tournament, just like its counterpart in sports, starts with a large number of candidates, with opportunities as the players. These opportunities are pitted against each other until only the exceptional survive. This book provides a principled approach for the effective management of innovation tournaments - identifying a wealth of promising opportunities and then evaluating and filtering them intelligently for greatest profitability. With a set of practical tools for creating and identifying new opportunities, it guides the reader in evaluating and screening opportunities. The book demonstrates how to construct an innovation portfolio and how to align the innovation process with an organization's competitive strategy. Innovation Tournaments employs quirky, fresh examples ranging from movies to medical devices. The authors' tool kit is built on their extensive research, their entrepreneurial backgrounds, and their teaching and consulting work with many highly innovative organizations.
Book Synopsis Competition and Growth by : J. K. Sengupta
Download or read book Competition and Growth written by J. K. Sengupta and published by Springer. This book was released on 2004-10-14 with total page 185 pages. Available in PDF, EPUB and Kindle. Book excerpt: Jati K. Sengupta examines the market dynamics of the evolution of industry and the impact of new technology with R&D and knowledge capital. The book builds the theory of innovations in the contexts of the high-tech industries of today such as computing and telecommunications.
Book Synopsis Networks, Competition, Innovation and Industrial Growth by : Hans-Werner Gottinger
Download or read book Networks, Competition, Innovation and Industrial Growth written by Hans-Werner Gottinger and published by . This book was released on 2016 with total page 182 pages. Available in PDF, EPUB and Kindle. Book excerpt: Some structural elements of networks carry over to features of dynamic competition in network industries that, through increasing return mechanisms on innovation based industries, generate sustainable growth and create industrial linkages as a backbone to industrial/economic growth. The project focuses on the integration of network structure, industrial competition and industrial growth processes into a coherent mechanism design. This text should be of interest to policy analysts/ makers, industry strategists/ consultants, students of industrial economics/organization, entrepreneurship/ management and economic journalists alike with interest in and focus on strategic and structural foundations of network economies and their industrial implications. The book is also designed to be used as a text for a course in business strategy as it could serve as a supplementary text to industrial organization and being part of the micro-foundations of economic growth and development neglected in the mostly macro-centered economic growth literature. Content-wise, links are drawn from the structure of networks to dynamic competition in innovation focused industries, its restrictions and abuses of dominance in market structures and potential future markets for antitrust, to the growth of industries through increasing returns mechanisms in complementary markets and the consequences for industrial growth and development. Coverage includes: 1. Integrating Networks, Dynamic Competition and Industrial Growth, 2. Networks, Technology and Competition, 3. Dynamics of Competition and Market Dynamics, 4. Increasing Returns Mechanism, 5.Industrial and Economic Growth: A Review, 6. Mechanism Design for Economic Development, and 7. Network-centered Industrial Growth. The central theme of this compilation is the interplay of competition, innovation, cooperation and market structure along vertical and horizontal industry lines. Interaction and interdependencies are facilitated and sometimes bottlenecked through networks most naturally prevalent in high technology industries. This forms the core basis of business strategy relating to the growth of business and complementary activities through innovation, mergers and acquisitions (M and As) and related strategic choices.
Book Synopsis Competition, Innovation, and Growth in Japan by : Yuji Honjo
Download or read book Competition, Innovation, and Growth in Japan written by Yuji Honjo and published by Springer. This book was released on 2017-05-11 with total page 269 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book addresses three important concepts in the economy—competition, innovation, and growth—using various cases and available data in Japan and other countries. First, the authors discuss competition, including global competition, to provide a better understanding of competition policy in Japan. Then, the authors examine the effects of human capital and alliance on innovation while providing new innovation indicators. Moreover, the authors examine growth from the perspective of corporate strategy such as acquisition, including international comparison. The interplay of competition, innovation, and growth has been prevalent in Japan, and it still acts as a catalyst for stimulating the stagnant economy. A better understanding of competition, innovation, and growth provides the tools to reinvigorate the stagnant economy in Japan and to reinforce the economy in other countries where the period of rapid growth has ended.
Author :The World Bank;Government of Rwanda Publisher :World Bank Publications ISBN 13 :1464812853 Total Pages :452 pages Book Rating :4.4/5 (648 download)
Book Synopsis Future Drivers of Growth in Rwanda by : The World Bank;Government of Rwanda
Download or read book Future Drivers of Growth in Rwanda written by The World Bank;Government of Rwanda and published by World Bank Publications. This book was released on 2020-07-06 with total page 452 pages. Available in PDF, EPUB and Kindle. Book excerpt: A strong and widely acknowledged record of economic success-including a three-and-a-half-fold increase in per capita income since 1994--places Rwanda among the world’s fastest--growing economies. Traumatic memories of the 1994 genocide are gradually fading, as associations begin to take a more positive form--of a nation on the rise, powered by human resilience, a sense of common purpose, and a purposeful government. Past successes and a sense of frailty have fueled aspirations for a secure, prosperous, and modern future. Sustaining high rates of economic growth is at the heart of these ambitions. Recent formulations of the nation’s Vision 2050 set a target of achieving upper-middle-income status by 2035 and high-income status by 2050. Future Drivers of Growth in Rwanda: Innovation, Integration, Agglomeration, and Competition, a joint undertaking by experts from Rwanda and the World Bank Group, evaluates the country’s possibilities and options in this endeavor. The report identifies four essential drivers of growth--innovation, integration, agglomeration, and competition--and reforms in six priority areas: human capital development, export dynamism and regional integration, well-managed urbanization, competitive domestic enterprises, agricultural modernization, and capable and accountable public institutions.
Book Synopsis Innovation Matters by : Richard J. Gilbert
Download or read book Innovation Matters written by Richard J. Gilbert and published by MIT Press. This book was released on 2022-06-07 with total page 337 pages. Available in PDF, EPUB and Kindle. Book excerpt: A proposal for moving from price-centric to innovation-centric competition policy, reviewing theory and evidence on economic incentives for innovation. Competition policy and antitrust enforcement have traditionally focused on prices rather than innovation. Economic theory shows the ways that price competition benefits consumers, and courts, antitrust agencies, and economists have developed tools for the quantitative evaluation of price impacts. Antitrust law does not preclude interventions to encourage innovation, but over time the interpretation of the laws has raised obstacles to enforcement policies for innovation. In this book, economist Richard Gilbert proposes a shift from price-centric to innovation-centric competition policy. Antitrust enforcement should be concerned with protecting incentives for innovation and preserving opportunities for dynamic, rather than static, competition. In a high-technology economy, Gilbert argues, innovation matters. Gilbert considers both theory and available empirical evidence on the relationships among market structure, firm behavior, and the production of new products and services. He reviews the distinctive features of the high-tech economy and why current analytical tools used by antitrust enforcers aren't up to the task of assessing innovation concerns. He considers, from the perspective of innovation competition, Kenneth Arrow's “replacement effect” and the Schumpeterian theory of market power and appropriation; discusses the effect of mergers on innovation and future price competition; and reviews the empirical literature on competition, mergers, and innovation. He describes examples of merger enforcement by US and European antitrust agencies; examines cases brought against Microsoft and Google; and discusses the risks and benefits of interoperability standards. Finally, he offers recommendations for competition policy. The open access edition of this book was made possible by generous funding from Arcadia – a charitable fund of Lisbet Rausing and Peter Baldwin.
Book Synopsis Innovation and Growth Chasing a Moving Frontier by : OECD
Download or read book Innovation and Growth Chasing a Moving Frontier written by OECD and published by OECD Publishing. This book was released on 2009-12-18 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this volume, the OECD and the World Bank jointly take stock of how globalisation is posing new challenges for innovation and growth in both developed and developing countries, and how countries are coping with them.
Author :United States. Congress. House. Committee on Science, Space, and Technology (2011- ). Subcommittee on Technology and Innovation Publisher : ISBN 13 : Total Pages : pages Book Rating :4.:/5 (124 download)
Book Synopsis Promoting Innovation, Competition, and Economic Growth :. by : United States. Congress. House. Committee on Science, Space, and Technology (2011- ). Subcommittee on Technology and Innovation
Download or read book Promoting Innovation, Competition, and Economic Growth :. written by United States. Congress. House. Committee on Science, Space, and Technology (2011- ). Subcommittee on Technology and Innovation and published by . This book was released on 2012 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Innovation Prowess by : George S. Day
Download or read book Innovation Prowess written by George S. Day and published by University of Pennsylvania Press. This book was released on 2013-04-16 with total page 138 pages. Available in PDF, EPUB and Kindle. Book excerpt: Wharton professor George S. Day shows that growth leaders use their innovation prowess to accelerate their growth at a faster rate. In this essential guide, Day reveals how to build this prowess by combining discipline in growth-seeking activities with an organizational ability to innovate.
Book Synopsis Mastering the Innovation Challenge by : Matther A. Clark
Download or read book Mastering the Innovation Challenge written by Matther A. Clark and published by . This book was released on 2006 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Role of Innovation and Entrepreneurship in Economic Growth by : Michael J Andrews
Download or read book The Role of Innovation and Entrepreneurship in Economic Growth written by Michael J Andrews and published by University of Chicago Press. This book was released on 2022-03-17 with total page 633 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Innovation and entrepreneurship are ubiquitous today, both as fields of study and as starting points for conversations among experts in government and economic development. But while these areas on continue to attract public and private investments, many measurements of their resulting economic growth-including productivity growth and business dynamism-have remained modest. Why this difference? Because not all business sectors are the same, and the transformative gains of some industries have been offset by stagnation or contraction in others. Accordingly, a nuanced understanding of the economy requires a nuanced understanding of where innovation and entrepreneurship occur and where they matter. Answering these questions allows for strategic public investment and the infrastructure for economic growth.The Role of Innovation and Entrepreneurship in Economic Growth, the latest entry in the NBER conference series, seeks to codify these answers. The editors leverage industry studies to identify specific examples of productivity improvements enabled by innovation and entrepreneurship, including those from new production technologies, increased competition, new organizational forms, and other means. Taken together, the volume illuminates whether the contribution of innovation and entrepreneurship to economic growth is likely to be concentrated, be it selected sectors or more broadly"--
Book Synopsis The Free-Market Innovation Machine by : William J. Baumol
Download or read book The Free-Market Innovation Machine written by William J. Baumol and published by Princeton University Press. This book was released on 2004-04-11 with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why has capitalism produced economic growth that so vastly dwarfs the growth record of other economic systems, past and present? Why have living standards in countries from America to Germany to Japan risen exponentially over the past century? William Baumol rejects the conventional view that capitalism benefits society through price competition--that is, products and services become less costly as firms vie for consumers. Where most others have seen this as the driving force behind growth, he sees something different--a compound of systematic innovation activity within the firm, an arms race in which no firm in an innovating industry dares to fall behind the others in new products and processes, and inter-firm collaboration in the creation and use of innovations. While giving price competition due credit, Baumol stresses that large firms use innovation as a prime competitive weapon. However, as he explains it, firms do not wish to risk too much innovation, because it is costly, and can be made obsolete by rival innovation. So firms have split the difference through the sale of technology licenses and participation in technology-sharing compacts that pay huge dividends to the economy as a whole--and thereby made innovation a routine feature of economic life. This process, in Baumol's view, accounts for the unparalleled growth of modern capitalist economies. Drawing on extensive research and years of consulting work for many large global firms, Baumol shows in this original work that the capitalist growth process, at least in societies where the rule of law prevails, comes far closer to the requirements of economic efficiency than is typically understood. Resounding with rare intellectual force, this book marks a milestone in the comprehension of the accomplishments of our free-market economic system--a new understanding that, suggests the author, promises to benefit many countries that lack the advantages of this immense innovation machine.