Entrepreneurial Competition and Industrial Location: Investigating the Structural Patterns and Intangible Sources of Competitive Performance

Front Cover
Edward Elgar, 2001 - Business & Economics - 200 pages
0 Reviews
Entrepreneurial Competition and Industrial Location explores the notion of entrepreneurial competition from its theoretical foundations in early Austrian and contemporary evolutionary economics. Focusing on the structural development of the intangible factors of production such as labour skills, advertising and research and development, the book's empirical implications are tested in a comparative study of competitive performance in the EU, Japan and the USA. Typical mechanisms of external spillovers, shaping industrial location by means of Marshallian cluster formation, highlight the dimension of industrial location. Peneder finally employs the three evolutionary principles of variation, cumulation and selection to establish entrepreneurship, learning and fair markets as the main pillars of modern competitiveness policy. This volume paves the way for a better understanding of the market process, demonstrating the importance of intangible factors as sources of competitive advantage both by conclusive theoretical argument and careful empirical investigation.

From inside the book

What people are saying - Write a review

We haven't found any reviews in the usual places.

Contents

Entrepreneurial Competition
1
The Organization of Knowledge
34
Intangible Investment and Human Resources
58
Copyright

6 other sections not shown

Common terms and phrases

About the author (2001)

Michael Peneder, Austrian Institute of Economic Research (WIFO), Vienna, Austria

Bibliographic information