Entrepreneurial Competition and Industrial Location: Investigating the Structural Patterns and Intangible Sources of Competitive Performance
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.
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The Organization of Knowledge
Intangible Investment and Human Resources
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accumulation assets assumption Audretsch Austrian school behaviour capital intensive capital intensive industries Carl Menger characterised cluster analysis co-ordination competitive performance competitive process complementary complex concept contrast costs creative response cumulation depends dimension distinct dynamic economic entrepreneurial competition entrepreneurial discovery entrepreneurial function entrepreneurship equilibrium evolutionary change exogenous external factors of production Friedrich von Hayek H test Hayek high skill high-skilled industries high-skilled labour human resources individual industry types innovation intangible investments knowledge Krugman Kruskal-Wallis 11 labour intensive industries labour productivity labour skills low skill mainstream manufacturing Mann-Whitney marketing driven industries med/bc Median test Menger Mises MSBC MSWC multimedia observation parametric tests particular patterns perfect competition perspective product differentiation profits relative relevant Schumpeter selection Shares in total significant differences social spontaneous order strategy structural sunk costs taxonomy technology driven industries theory typical unit values value added shares variables variation wages