1 option
Growing by Leaps and Inches: Creative Destruction, Real Cost Reduction, and Inching Up / Michael R. Darby, Lynne G. Zucker.
- Format:
- Book
- Author/Creator:
- Darby, Michael R.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w8947.
- NBER working paper series no. w8947
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Other Title:
- Growing by Leaps and Inches
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2002.
- Summary:
- Most firms achieve perfective progress, incrementally improving commodities or productivity. But technological progress is concentrated in a few firms achieving metamorphic progress: forming or transforming industries with technological breakthroughs (e.g., biotechnology, lasers, semiconductors, nanotechnology). Unless congruent with incumbents' science and technology base, metamorphic progress promotes entry. Scientific breakthroughs embodied in discovering scientists, protected by natural excludability, and transferred by learning-by-doing-with at the bench generally drive metamorphic progress. Embodied knowledge is rivalrous and leads to entry and industry dominance by star-scientist-linked firms. Incorporating this scientific-entrepreneurial process is essential to improving - if not transforming - endogenous growth models.
- Notes:
- Print version record
- May 2002.
The Penn Libraries is committed to describing library materials using current, accurate, and responsible language. If you discover outdated or inaccurate language, please fill out this feedback form to report it and suggest alternative language.