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Entrepreneurial Competition and Industrial Location - Investigating the Structural Patterns and Intangible Sources of Competitive Performance (Hardcover)
Loot Price: R2,850
Discovery Miles 28 500
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Entrepreneurial Competition and Industrial Location - Investigating the Structural Patterns and Intangible Sources of Competitive Performance (Hardcover)
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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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