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Dynamics of Industry Growth
Jati K. Sengupta
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Description for Dynamics of Industry Growth
hardcover. Evolving industries are deemed essential for economic growth, but can also collapse when ill-judged decisions are made on the basis of incomplete information. This extension of the Schumpeterian approach introduces a stochastic model of industry life cycles. Num Pages: 178 pages, biography. BIC Classification: JPA; KCA; KCG. Category: (P) Professional & Vocational. Dimension: 234 x 156 x 12. Weight in Grams: 444.
Economic growth of a country depends on its industries. The focus of modern growth theory is basically macroeconomics, although neoclassical models use competitive markets and the optimization behavior of households and firms in general equilibrium framework. The emphasis here is on industry growth, where the microfoundations of industry are analyzed in terms of economic efficiency. The various linkages which link firm growth with the industry growth are discerned here under various market structures both competitive and monopolistic. The role of information in facilitating market signals and allowing the adoption of new processes has been especially emphasized in this volume. Many ... Read more
Economic growth of a country depends on its industries. The focus of modern growth theory is basically macroeconomics, although neoclassical models use competitive markets and the optimization behavior of households and firms in general equilibrium framework. The emphasis here is on industry growth, where the microfoundations of industry are analyzed in terms of economic efficiency. The various linkages which link firm growth with the industry growth are discerned here under various market structures both competitive and monopolistic. The role of information in facilitating market signals and allowing the adoption of new processes has been especially emphasized in this volume. Many ... Read more
Product Details
Format
Hardback
Publication date
2012
Publisher
Springer-Verlag New York Inc. United States
Number of pages
178
Condition
New
Number of Pages
178
Place of Publication
New York, NY, United States
ISBN
9781461438519
SKU
V9781461438519
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
Reviews for Dynamics of Industry Growth
“This book deals with the dynamics of industry growth, from both a micro and a macro perspective. It is structured in seven chapters. … In summary, the text could be useful as a complementary reference for those interested in the growth of industry and innovation.” (Manuel A. Gómez, Mathematical Reviews, June, 2015)