Efficiency, Market Dynamics and Industry Growth

Efficiency, Market Dynamics and Industry Growth

Author: J. K. Sengupta

Publisher: Springer

Published: 2009-10-29

Total Pages: 164

ISBN-13: 0230248667

DOWNLOAD EBOOK

The dynamics of industry growth, technology and globalization have a dramatic impact on the current economic growth of nations, significantly changing the market structure and world trade, and challenging the competitive equilibrium and their guiding principles. In the world of innovations and spill-over of R&D effects, various forms of non-competitive market structures have evolved in recent times. This book analyzes the new paradigm of change in technology intensive industries, with an emphasis in three main areas; non-parametric models of growth, sources of industry growth and non-competitive market structures in a dynamic framework. The authors to this volume utilise theoretical and empirical analysis to examine the role of R&D investment and Solow-type technical progress, using the non-parametric methods of efficiency analysis, also known as Data Envelopment Analysis. This book is essential reading for all interested in economic theory and innovation.


Book Synopsis Efficiency, Market Dynamics and Industry Growth by : J. K. Sengupta

Download or read book Efficiency, Market Dynamics and Industry Growth written by J. K. Sengupta and published by Springer. This book was released on 2009-10-29 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt: The dynamics of industry growth, technology and globalization have a dramatic impact on the current economic growth of nations, significantly changing the market structure and world trade, and challenging the competitive equilibrium and their guiding principles. In the world of innovations and spill-over of R&D effects, various forms of non-competitive market structures have evolved in recent times. This book analyzes the new paradigm of change in technology intensive industries, with an emphasis in three main areas; non-parametric models of growth, sources of industry growth and non-competitive market structures in a dynamic framework. The authors to this volume utilise theoretical and empirical analysis to examine the role of R&D investment and Solow-type technical progress, using the non-parametric methods of efficiency analysis, also known as Data Envelopment Analysis. This book is essential reading for all interested in economic theory and innovation.

Industrial Dynamics in China and India

Industrial Dynamics in China and India

Author: M. Ohara

Publisher: Springer

Published: 2011-09-20

Total Pages: 266

ISBN-13: 0230308309

DOWNLOAD EBOOK

This book is one of the first fully-fledged studies to examine the next world-class industrial leaders emerging from China and India; exploring the domestic and international factors that have led to their rise, and comparing their experiences with other East Asian late-comers such as Japan.


Book Synopsis Industrial Dynamics in China and India by : M. Ohara

Download or read book Industrial Dynamics in China and India written by M. Ohara and published by Springer. This book was released on 2011-09-20 with total page 266 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is one of the first fully-fledged studies to examine the next world-class industrial leaders emerging from China and India; exploring the domestic and international factors that have led to their rise, and comparing their experiences with other East Asian late-comers such as Japan.

A Computational Model of Industry Dynamics

A Computational Model of Industry Dynamics

Author: Myong-Hun Chang

Publisher: Routledge

Published: 2015-01-09

Total Pages: 159

ISBN-13: 1134582773

DOWNLOAD EBOOK

The economics literature on industry dynamics contains a wide array of empirical works identifying a set of stylized facts. There have been several attempts at constructing analytical models to explain some of these regularities. These attempts are highly stylized and limited in scope to keep the analyses tractable. A general model of industry evolution capable of generating firm and industry behaviour that can match the data is needed. This book endeavours to explain many well-documented aspects of the evolution of industries over time. It uses an agent-based computational model in which artificial industries are created and grown to maturity in silico. While the firms in the model are assumed to have bounded rationality, they are nevertheless adaptive in the sense that their experience-based R&D efforts allow them to search for improved technologies. Given a technological environment subject to persistent and unexpected external shocks, the computationally generated industry remains in a perennial state of flux. The main objective of this study is to identify patterns that exist in the movements of firms as the industry evolves over time along the steady state in which the measured behaviour of the firms and the industry stochastically fluctuate around steady means. The computational model developed in this book is able to replicate many of the stylized facts from the empirical industrial organization literature, particularly as the facts pertain to the dynamics of firm entry and exit. Furthermore, the model allows examination of cross-industry variations in entry and exit patterns by systematically varying the characteristics of the market and the technological environment within which the computationally generated industry evolves. The model demonstrates that the computational approach based on boundedly rational agents in a dynamic setting can be useful and effective in carrying out both positive and normative economic analysis.


Book Synopsis A Computational Model of Industry Dynamics by : Myong-Hun Chang

Download or read book A Computational Model of Industry Dynamics written by Myong-Hun Chang and published by Routledge. This book was released on 2015-01-09 with total page 159 pages. Available in PDF, EPUB and Kindle. Book excerpt: The economics literature on industry dynamics contains a wide array of empirical works identifying a set of stylized facts. There have been several attempts at constructing analytical models to explain some of these regularities. These attempts are highly stylized and limited in scope to keep the analyses tractable. A general model of industry evolution capable of generating firm and industry behaviour that can match the data is needed. This book endeavours to explain many well-documented aspects of the evolution of industries over time. It uses an agent-based computational model in which artificial industries are created and grown to maturity in silico. While the firms in the model are assumed to have bounded rationality, they are nevertheless adaptive in the sense that their experience-based R&D efforts allow them to search for improved technologies. Given a technological environment subject to persistent and unexpected external shocks, the computationally generated industry remains in a perennial state of flux. The main objective of this study is to identify patterns that exist in the movements of firms as the industry evolves over time along the steady state in which the measured behaviour of the firms and the industry stochastically fluctuate around steady means. The computational model developed in this book is able to replicate many of the stylized facts from the empirical industrial organization literature, particularly as the facts pertain to the dynamics of firm entry and exit. Furthermore, the model allows examination of cross-industry variations in entry and exit patterns by systematically varying the characteristics of the market and the technological environment within which the computationally generated industry evolves. The model demonstrates that the computational approach based on boundedly rational agents in a dynamic setting can be useful and effective in carrying out both positive and normative economic analysis.

Industry 4.0

Industry 4.0

Author: Jesús Hamilton Ortiz

Publisher: BoD – Books on Demand

Published: 2020-03-25

Total Pages: 134

ISBN-13: 183880093X

DOWNLOAD EBOOK

This book shows a vision of the present and future of Industry 4.0 and identifies and examines the most pressing research issue in Industry 4.0. Containing the contributions of leading researchers and academics, this book includes recent publications in key areas of interest, for example: a review on the Industry 4.0: What is the Industry 4.0, the pillars of Industry 4.0, current and future trends, technologies, taxonomy, and some case studies (A.U.T.O 4.0, stabilization of digitized process). This book also provides an essential tool in the process of migration to Industry 4.0. The book is suitable as a text for graduate students and professionals in the industrial sector and general engineering areas. The book is organized into two sections: 1. Reviews 2. Case Studies Industry 4.0 is likely to play an important role in the future society. This book is a good reference on Industry 4.0 and includes some case studies. Each chapter is written by expert researchers in the sector, and the topics are broad; from the concept or definition of Industry 4.0 to a future society 5.0.


Book Synopsis Industry 4.0 by : Jesús Hamilton Ortiz

Download or read book Industry 4.0 written by Jesús Hamilton Ortiz and published by BoD – Books on Demand. This book was released on 2020-03-25 with total page 134 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book shows a vision of the present and future of Industry 4.0 and identifies and examines the most pressing research issue in Industry 4.0. Containing the contributions of leading researchers and academics, this book includes recent publications in key areas of interest, for example: a review on the Industry 4.0: What is the Industry 4.0, the pillars of Industry 4.0, current and future trends, technologies, taxonomy, and some case studies (A.U.T.O 4.0, stabilization of digitized process). This book also provides an essential tool in the process of migration to Industry 4.0. The book is suitable as a text for graduate students and professionals in the industrial sector and general engineering areas. The book is organized into two sections: 1. Reviews 2. Case Studies Industry 4.0 is likely to play an important role in the future society. This book is a good reference on Industry 4.0 and includes some case studies. Each chapter is written by expert researchers in the sector, and the topics are broad; from the concept or definition of Industry 4.0 to a future society 5.0.

The Fourth Industrial Revolution

The Fourth Industrial Revolution

Author: Klaus Schwab

Publisher: Currency

Published: 2017-01-03

Total Pages: 192

ISBN-13: 1524758876

DOWNLOAD EBOOK

World-renowned economist Klaus Schwab, Founder and Executive Chairman of the World Economic Forum, explains that we have an opportunity to shape the fourth industrial revolu­tion, which will fundamentally alter how we live and work. Schwab argues that this revolution is different in scale, scope and complexity from any that have come before. Characterized by a range of new technologies that are fusing the physical, digital and biological worlds, the developments are affecting all disciplines, economies, industries and governments, and even challenging ideas about what it means to be human. Artificial intelligence is already all around us, from supercomputers, drones and virtual assistants to 3D printing, DNA sequencing, smart thermostats, wear­able sensors and microchips smaller than a grain of sand. But this is just the beginning: nanomaterials 200 times stronger than steel and a million times thinner than a strand of hair and the first transplant of a 3D printed liver are already in development. Imagine “smart factories” in which global systems of manu­facturing are coordinated virtually, or implantable mobile phones made of biosynthetic materials. The fourth industrial revolution, says Schwab, is more significant, and its ramifications more profound, than in any prior period of human history. He outlines the key technologies driving this revolution and discusses the major impacts expected on government, business, civil society and individu­als. Schwab also offers bold ideas on how to harness these changes and shape a better future—one in which technology empowers people rather than replaces them; progress serves society rather than disrupts it; and in which innovators respect moral and ethical boundaries rather than cross them. We all have the opportunity to contribute to developing new frame­works that advance progress.


Book Synopsis The Fourth Industrial Revolution by : Klaus Schwab

Download or read book The Fourth Industrial Revolution written by Klaus Schwab and published by Currency. This book was released on 2017-01-03 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: World-renowned economist Klaus Schwab, Founder and Executive Chairman of the World Economic Forum, explains that we have an opportunity to shape the fourth industrial revolu­tion, which will fundamentally alter how we live and work. Schwab argues that this revolution is different in scale, scope and complexity from any that have come before. Characterized by a range of new technologies that are fusing the physical, digital and biological worlds, the developments are affecting all disciplines, economies, industries and governments, and even challenging ideas about what it means to be human. Artificial intelligence is already all around us, from supercomputers, drones and virtual assistants to 3D printing, DNA sequencing, smart thermostats, wear­able sensors and microchips smaller than a grain of sand. But this is just the beginning: nanomaterials 200 times stronger than steel and a million times thinner than a strand of hair and the first transplant of a 3D printed liver are already in development. Imagine “smart factories” in which global systems of manu­facturing are coordinated virtually, or implantable mobile phones made of biosynthetic materials. The fourth industrial revolution, says Schwab, is more significant, and its ramifications more profound, than in any prior period of human history. He outlines the key technologies driving this revolution and discusses the major impacts expected on government, business, civil society and individu­als. Schwab also offers bold ideas on how to harness these changes and shape a better future—one in which technology empowers people rather than replaces them; progress serves society rather than disrupts it; and in which innovators respect moral and ethical boundaries rather than cross them. We all have the opportunity to contribute to developing new frame­works that advance progress.

The Impact of Uncertainty and Sunk Costs on Firm Dynamics and Industry Structure

The Impact of Uncertainty and Sunk Costs on Firm Dynamics and Industry Structure

Author: Vivek Ghosal

Publisher:

Published: 2001

Total Pages: 68

ISBN-13:

DOWNLOAD EBOOK


Book Synopsis The Impact of Uncertainty and Sunk Costs on Firm Dynamics and Industry Structure by : Vivek Ghosal

Download or read book The Impact of Uncertainty and Sunk Costs on Firm Dynamics and Industry Structure written by Vivek Ghosal and published by . This book was released on 2001 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Industrial Dynamics

Industrial Dynamics

Author: B. Carlsson

Publisher: Springer Science & Business Media

Published: 2012-12-06

Total Pages: 321

ISBN-13: 9400910754

DOWNLOAD EBOOK

This book is based on the papers presented at a conference on "New Issues in Industrial Economics" held at Case Western Reserve University, Cleveland, Ohio, June 8-10, 1987. The conference was organized by the Research Program in Industrial Economics (RPIE) in the Department of Economics at CWRU and was sponsored by The Cleveland Foundation, the Eaton Corporation, and The Standard Oil Company (later renamed BP America, Inc.). Their generous support is gratefully acknowledged. All of the papers have been revised, in several cases extensively, since their presentation at the conference. One of the primary reasons for organizing the conference was the concern that Industrial Economics has become too narrowly focused in most academic programs, largely being confined to Industrial Organization, i.e., issues of public policy towards enterprise with emphasis on antitrust and regulatory policy. This subject definition leaves out a number of interesting and important questions about how industries evolve over time, what the role of technological change (and organizational change) is in that process, and the associated structural changes within industries and firms. The object of this book is to derme these issues and suggest a framework within which they can be analyzed. I would like to thank all the conference participants for their contributions, particularly my colleagues at CWRU, Asim Erdilek and William S. Peirce, without whose encouragement and support the conference would not have taken place.


Book Synopsis Industrial Dynamics by : B. Carlsson

Download or read book Industrial Dynamics written by B. Carlsson and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is based on the papers presented at a conference on "New Issues in Industrial Economics" held at Case Western Reserve University, Cleveland, Ohio, June 8-10, 1987. The conference was organized by the Research Program in Industrial Economics (RPIE) in the Department of Economics at CWRU and was sponsored by The Cleveland Foundation, the Eaton Corporation, and The Standard Oil Company (later renamed BP America, Inc.). Their generous support is gratefully acknowledged. All of the papers have been revised, in several cases extensively, since their presentation at the conference. One of the primary reasons for organizing the conference was the concern that Industrial Economics has become too narrowly focused in most academic programs, largely being confined to Industrial Organization, i.e., issues of public policy towards enterprise with emphasis on antitrust and regulatory policy. This subject definition leaves out a number of interesting and important questions about how industries evolve over time, what the role of technological change (and organizational change) is in that process, and the associated structural changes within industries and firms. The object of this book is to derme these issues and suggest a framework within which they can be analyzed. I would like to thank all the conference participants for their contributions, particularly my colleagues at CWRU, Asim Erdilek and William S. Peirce, without whose encouragement and support the conference would not have taken place.

A focussed Issue on Competence Perspectives on New Industry Dynamics

A focussed Issue on Competence Perspectives on New Industry Dynamics

Author: Ron Sanchez

Publisher: Emerald Group Publishing

Published: 2012-10-05

Total Pages: 273

ISBN-13: 1780528825

DOWNLOAD EBOOK

The papers in volume 6 of Research in Competence-Based Management identify, elaborate theoretically, and investigate empirically a number of new kinds of dynamics in industries and product markets.


Book Synopsis A focussed Issue on Competence Perspectives on New Industry Dynamics by : Ron Sanchez

Download or read book A focussed Issue on Competence Perspectives on New Industry Dynamics written by Ron Sanchez and published by Emerald Group Publishing. This book was released on 2012-10-05 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: The papers in volume 6 of Research in Competence-Based Management identify, elaborate theoretically, and investigate empirically a number of new kinds of dynamics in industries and product markets.

The Kenyan Cut Flower Industry and Global Market Dynamics

The Kenyan Cut Flower Industry and Global Market Dynamics

Author: Andreas Gemählich

Publisher: Boydell & Brewer

Published: 2022-09-20

Total Pages: 245

ISBN-13: 1847012957

DOWNLOAD EBOOK

Investigates the production, trade and consumption of the bouquets sold in European supermarkets and the consequences of this for the globalised economy.


Book Synopsis The Kenyan Cut Flower Industry and Global Market Dynamics by : Andreas Gemählich

Download or read book The Kenyan Cut Flower Industry and Global Market Dynamics written by Andreas Gemählich and published by Boydell & Brewer. This book was released on 2022-09-20 with total page 245 pages. Available in PDF, EPUB and Kindle. Book excerpt: Investigates the production, trade and consumption of the bouquets sold in European supermarkets and the consequences of this for the globalised economy.

Dynamics of Industry Growth

Dynamics of Industry Growth

Author: Jati Sengupta

Publisher: Springer Science & Business Media

Published: 2012-05-02

Total Pages: 182

ISBN-13: 1461438527

DOWNLOAD EBOOK

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 issues of market failure and the suboptimality of competitive equilibria are due to incomplete and imperfect information structures and we need a comprehensive theory of information structures underlying the process of industry growth and its dynamics. This book will be of interest to economists studying economic and industry growth and innovation.


Book Synopsis Dynamics of Industry Growth by : Jati Sengupta

Download or read book Dynamics of Industry Growth written by Jati Sengupta and published by Springer Science & Business Media. This book was released on 2012-05-02 with total page 182 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 issues of market failure and the suboptimality of competitive equilibria are due to incomplete and imperfect information structures and we need a comprehensive theory of information structures underlying the process of industry growth and its dynamics. This book will be of interest to economists studying economic and industry growth and innovation.