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Entrepreneurship, the New Economy and Public Policy

Schumpeterian Perspectives

  • Conference proceedings
  • © 2005

Overview

Editors:
  1. Uwe Cantner

    1. Faculty of Economics and Business Administration Chair for Microeconomics, Friedrich-Schiller-University of Jena, Jena, Germany

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    You can also search for this editor in PubMed   Google Scholar

  2. Elias Dinopoulos

    1. Department of Economics, University of Florida, Gainesville, USA

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    You can also search for this editor in PubMed   Google Scholar

  3. Robert F. Lanzillotti

    1. Graduate School of Business, University of Florida, Gainesville, USA

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    You can also search for this editor in PubMed   Google Scholar

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Table of contents (17 papers)

  1. Front Matter

    Pages I-VI
    Download chapter PDF

  2. Editorial

    • Robert F. Lanzillotti, Elias Dinopoulos, Uwe Cantner
    Pages 1-3

  3. Reflections on the Schumpeter I knew well

    • Paul A. Samuelson
    Pages 5-9

  4. Schumpeter, product innovation and public policy: the case of cigarettes

    • Robert F. Lanzillotti
    Pages 11-32

  5. Risk, variety and volatility: growth, innovation and stock prices in early industry evolution

    • Mariana Mazzucato
    Pages 33-54

  6. Social networks and industrial geography

    • Olav Sorenson
    Pages 55-69

  7. Growing Silicon Valley on a landscape: an agent-based approach to high-tech industrial clusters

    • Junfu Zhang
    Pages 71-90

  8. The theory of the firm and the markets for strategic acquisitions

    • Gunnar Eliasson, Åsa Eliasson
    Pages 91-115

  9. The growth of commercialization — facilitating organizations and practices: A Schumpeterian perspective

    • Sten Thore, Robert Ronstadt
    Pages 117-136

  10. On the macroeconomic effects of establishing tradability in weak property rights

    • Gunnar Eliasson, Clas Wihlborg
    Pages 137-162

  11. Capital in the new economy: A Schumpeterian perspective

    • Jim Stewart
    Pages 163-179

  12. A comparative perspective on innovation and productivity in manufacturing and services

    • Hans Lööf
    Pages 181-202

  13. Tracing empirical trails of Schumpeterian development

    • Michael Peneder
    Pages 203-221

  14. Towards an evolutionary interpretation of aggregate labor market regularities

    • Giorgio Fagiolo, Giovanni Dosi, Roberto Gabriele
    Pages 223-252

  15. An evolutionary model of international competition and growth

    • Carolina Castaldi
    Pages 253-266

  16. Innovation and growth in Germany over the past 150 years

    • Hariolf Grupp, Icíar Dominguez Lacasa, Monika Friedrich-Nishio, Andre Jungmittag
    Pages 267-287

  17. Nonlinear dynamism of innovation and business cycles

    • Masaaki Hirooka
    Pages 289-316

  18. The dynamic effects of general purpose technologies on Schumpeterian growth

    • Iordanis Petsas
    Pages 317-345
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Keywords

About this book

Silicon Valley is the most salient example of high-tech industrial clusters. Public policymakersthroughouttheworldwouldliketolearnthesecretsofSiliconValley in order to build their own high-tech economies. The existing literature on ind- trial clusters, which traces back to Marshall (1920), focuses on the way in which ?rms bene?t from locating in a cluster; it suggests that once a cluster comes into existence, it tends to reinforce itself by attracting more ?rms. However, a more important question is how to reach this critical mass in the ?rst place. In contrast to the literature, evidence suggests that entrepreneurs rarely move when they est- lish high-tech start-ups (Cooper and Folta, 2000). This contradicts the notion that location choice analyses lead entrepreneurs to a high-tech cluster. A high-tech industrial cluster such as Silicon Valley is characterized by c- centratedentrepreneurship. FollowingSchumpeter,weemphasizethefactthat“the appearance of one or a few entrepreneurs facilitates the appearance of others” (Schumpeter,1934). Weproposeanagent-basedcomputationalmodeltoshowhow high-tech industrial clusters could emerge in a landscape in which no ?rms existed originally. The model is essentially a spatial version of the Nelson-Winter model: Boundedly rational agents are scattered over an explicitly de?ned landscape. Each agent is endowed with some technology, which determines his ?rm’s productivity (if he has one). During each period of time, an agent with no ?rm would make a decision as to whether he wants to start one. This decision is mostly affected by the behavior of his social contacts, who are all his neighbors.

Editors and Affiliations

  • Faculty of Economics and Business Administration Chair for Microeconomics, Friedrich-Schiller-University of Jena, Jena, Germany

    Uwe Cantner

  • Department of Economics, University of Florida, Gainesville, USA

    Elias Dinopoulos

  • Graduate School of Business, University of Florida, Gainesville, USA

    Robert F. Lanzillotti

Bibliographic Information

  • Book Title: Entrepreneurship, the New Economy and Public Policy

  • Book Subtitle: Schumpeterian Perspectives

  • Editors: Uwe Cantner, Elias Dinopoulos, Robert F. Lanzillotti

  • DOI: https://doi.org/10.1007/b138441

  • Publisher: Springer Berlin, Heidelberg

  • eBook Packages: Business and Economics, Economics and Finance (R0)

  • Copyright Information: Springer-Verlag Berlin Heidelberg 2005

  • Hardcover ISBN: 978-3-540-22613-0Published: 23 November 2004

  • Softcover ISBN: 978-3-642-06150-9Published: 14 October 2010

  • eBook ISBN: 978-3-540-26994-6Published: 12 December 2005

  • Edition Number: 1

  • Number of Pages: VI, 346

  • Topics: Industrial Organization, Economics, general, History of Economic Thought/Methodology

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