Scandinavian Working Papers in Economics

Papers in Innovation Studies,
Lund University, CIRCLE - Center for Innovation, Research and Competences in the Learning Economy

No 2016/3: Industrial Dynamics: A Review of the Literature 1990-2009

Bo Carlsson ()
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Bo Carlsson: Case Western Reserve University, Weatherhead School of Management, Department of Economics, Cleveland and CIRCLE, Lund University

Abstract: This paper reviews the literature in the field of Industrial Dynamics as it has emerged since I first introduced the term in 1985. Nearly 8,000 articles in 12 major journals have been reviewed and classified under five broad themes that constitute the basic questions in industrial dynamics: 1. The causes of industrial development and economic growth, including the dynamics and evolution of industries and the role of entrepreneurship 2. The nature of economic activity in the firm and the dynamics of supply, particularly the role of knowledge. 3. How the boundaries and interdependence of firms change over time and contribute to economic transformation. 4. Technological change and its institutional framework, especially systems of innovation. 5. The role of public policy in facilitating adjustment of the economy to changing circumstances at both micro and macro levels. Under each theme, the main findings and their implications for theory and policy are summarized.

Keywords: industrial dynamics; literature review; knowledge; technological change; institutions; growth

JEL-codes: D00; D20; L00; O30

81 pages, January 18, 2016

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