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Industrial Leadership in Science-based Industries: a Co-evolution Model

2009
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Release : 2009
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Book Synopsis Industrial Leadership in Science-based Industries: a Co-evolution Model by : Francisco Fatas-Villafranca

Download or read book Industrial Leadership in Science-based Industries: a Co-evolution Model written by Francisco Fatas-Villafranca. This book was released on 2009. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: In this paper, we seek to analyse the role of national university systems in combination with technological and market factors as sources of industrial leadership and industry growth in sciencebased industries. We propose a model in which national university systems and their respective national firms and industries are considered as co-evolving. National firms compete on a worldwide level and they rely on the progress of science and the availability of scientists to innovate. As the global industry develops, firms try to mold their national university systems, but they achieve different degrees of success. Apart from highlighting the role of institutional responsiveness as a source of competitive advantage, our model points to the access to essential inputs for production, the technological and strategic characteristics of firms, the international diffusion of knowledge, and the initial distribution of market demand as key sources of leadership and industry growth. The internation

Modeling the Co-Evolution of National Industries and Institutions

2010
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Release : 2010
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Book Synopsis Modeling the Co-Evolution of National Industries and Institutions by : Francisco Fatás-Villafranca

Download or read book Modeling the Co-Evolution of National Industries and Institutions written by Francisco Fatás-Villafranca. This book was released on 2010. Available in PDF, EPUB and Kindle. Book excerpt: Important contributions within the realms of industrial dynamics and evolutionary economic theory have shown the need to explore the sources of industrial leadership in high-tech industries. Several of these studies suggest that the co-evolution between national industries and certain supporting institutions could play a fundamental role as a source of competitive advantage, although an analysis of these processes still poses significant formal and theoretical challenges. In this article, we draw on previous contributions to formal evolutionary theorizing in order to build up a co-evolution model suitable for the dynamic analysis of industrial leadership. This model involves national firms competing on a worldwide level in a science-based industry, and co-evolving with their respective national university systems. Certain national firms may influence university funding by institutional shaping, while national university systems crucially affect the competitive advantage of said firms in the global market. The model highlights important mechanisms through which institutional, technological, and market interrelated factors determine the dynamics of industrial leadership and, eventually, the emergence of industrial leadership shifts. Some of the implications regarding policy and future research on economic development follow.

Coevolution in Economic Systems

2021-06-10 Business & Economics
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Release : 2021-06-10
Genre : Business & Economics
Kind : eBook
Book Rating : 990/5 ( reviews)

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Book Synopsis Coevolution in Economic Systems by : Isabel Almudi

Download or read book Coevolution in Economic Systems written by Isabel Almudi. This book was released on 2021-06-10. Available in PDF, EPUB and Kindle. Book excerpt: Coevolution in economic systems plays a key role in the dynamics of contemporary societies. Coevolution operates when, considering several evolving realms within a socioeconomic system, these realms mutually shape their respective innovation, replication and/or selection processes. The processes that emerge from coevolution should be analyzed as being globally codetermined in dynamic terms. The notion of coevolution appears in the literature on modern innovation economics since the neo-Schumpeterian inception four decades ago. In this Element, these antecedents are drawn on to formally clarify and develop how the coevolution notion can expand the analytical and methodological scope of evolutionary economics, allowing for further unification and advance of evolutionary subfields.

Co-evolution of Intelligent Socio-technical Systems

2013-05-27 Technology & Engineering
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Release : 2013-05-27
Genre : Technology & Engineering
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Book Rating : 147/5 ( reviews)

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Book Synopsis Co-evolution of Intelligent Socio-technical Systems by : Evangelia Mitleton-Kelly

Download or read book Co-evolution of Intelligent Socio-technical Systems written by Evangelia Mitleton-Kelly. This book was released on 2013-05-27. Available in PDF, EPUB and Kindle. Book excerpt: As the interconnectivity between humans through technical devices is becoming ubiquitous, the next step is already in the making: ambient intelligence, i.e. smart (technical) environments, which will eventually play the same active role in communication as the human players, leading to a co-evolution in all domains where real-time communication is essential. This topical volume, based on the findings of the Socionical European research project, gives equal attention to two highly relevant domains of applications: transport, specifically traffic, dynamics from the viewpoint of a socio-technical interaction and evacuation scenarios for large-scale emergency situations. Care was taken to investigate as much as possible the limits of scalability and to combine the modeling using complex systems science approaches with relevant data analysis.

Routledge Handbook of Evolutionary Economics

2023-11-27 Business & Economics
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Release : 2023-11-27
Genre : Business & Economics
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Book Rating : 723/5 ( reviews)

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Book Synopsis Routledge Handbook of Evolutionary Economics by : Kurt Dopfer

Download or read book Routledge Handbook of Evolutionary Economics written by Kurt Dopfer. This book was released on 2023-11-27. Available in PDF, EPUB and Kindle. Book excerpt: While dating from post-Classical economists such as Thorstein Veblen and Joseph Schumpeter, the inception of the modern field of evolutionary economics is usually dated to the early 1980s. Broadly speaking, evolutionary economics sees the economy as undergoing continual, evolutionary change. Evolutionary change indicates that these changes were not planned, but rather were the result of innovations and selection processes. These often involved winners and losers, but most importantly, they resulted in actors learning what was and was not working. Evolutionary economics, in contrast to mainstream economics, emphasises the relevance of variables such as technology, institutions, decision rules, routines, or consumer preferences for explaining the complex evolutionary changes in the economy. In so doing, evolutionary economics significantly broadens the scope of economic analysis, and sheds new light on key concepts and issues of the discipline. This handbook draws on a stellar cast list of international contributors, ranging from the founders of the field to the newest voices. The volume explores the current state of the art in the field of evolutionary economics at the levels of the micro (e.g. firms and households), meso (e.g. industries and institutions), and macro (e.g. economic policy, structure, and growth). Overall, the Routledge Handbook of Evolutionary Economics provides an excellent overview of current trends and issues in this rapidly developing field.

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