Skip to main content
  • Book
  • © 2012

Dynamics of Industry Growth

Authors:

  • Explores a comprehensive theory of innovations extending the Schumpeterian perspective

  • Develops a theory of stochastic birth and death processes for industry evolution

  • Investigates the theory of hypercompetition and dynamic efficiency and its role in dynamic industry growth

  • Includes supplementary material: sn.pub/extras

Buy it now

Buying options

eBook USD 84.99
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book USD 109.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book USD 109.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Other ways to access

This is a preview of subscription content, log in via an institution to check for access.

Table of contents (7 chapters)

  1. Front Matter

    Pages i-x
  2. Theory of Industry Growth

    • Jati Sengupta
    Pages 1-26
  3. A Pareto Model of Efficiency Dynamics

    • Jati Sengupta
    Pages 27-66
  4. Market Dynamics and Growth

    • Jati Sengupta
    Pages 67-90
  5. Market Rivalry and Interdependence

    • Jati Sengupta
    Pages 91-109
  6. Technology and Innovations

    • Jati Sengupta
    Pages 111-133
  7. Industry Evolution Mechanisms

    • Jati Sengupta
    Pages 135-151
  8. Information and Efficiency

    • Jati Sengupta
    Pages 153-173
  9. Back Matter

    Pages 175-177

About this book

Economic growth of a country depends on its industries. The focus of modern growth theory is basically macroeconomics, although neoclassical models use competitive markets and the optimization behavior of households and firms in general equilibrium framework. The emphasis here is on industry growth, where the microfoundations of industry are analyzed in terms of economic efficiency. The various linkages which link firm growth with the industry growth are discerned here under various market structures both competitive and monopolistic. The role of information in facilitating market signals and allowing the adoption of new processes has been especially emphasized in this volume. Many issues of market failure and the suboptimality of competitive equilibria are due to incomplete and imperfect information structures and we need a comprehensive theory of information structures underlying the process of industry growth and its dynamics. This book will be of interest to economists studying economic and industry growth and innovation.

Reviews

“This book deals with the dynamics of industry growth, from both a micro and a macro perspective. It is structured in seven chapters. … In summary, the text could be useful as a complementary reference for those interested in the growth of industry and innovation.” (Manuel A. Gómez, Mathematical Reviews, June, 2015)

Authors and Affiliations

  • College of Letters & Science, Dept. Economics, University of California, Santa Barbara, Santa Barbara, USA

    Jati Sengupta

Bibliographic Information

Buy it now

Buying options

eBook USD 84.99
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book USD 109.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book USD 109.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Other ways to access