Description
Book SynopsisEntrepreneurial 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.
Trade Review'This book is an ambitious attempt to combine detailed empirical analysis with a broadened theoretical context within which to understand industrial innovation and entrepreneurship. The main part of the book is a large-scale research study of industry by sector. . . a thought-provoking book with many new empirical insights. . . The book has considerable relevance to researchers concerned with competition policy and economic development initiatives. . . this book will be found to be a stimulating research study.' -- Robert J. Bennett, Progress in Human Geography
'This is a book that can be recommended for the researchers in the field.' -- P. Banerjee, Journal of Scientific and Industrial Research
'Peneder's book is an interesting contribution to our understanding of the competitive process in a globalised economy. He comes up with empirical measures and industry rankings which take into account intangible investment and the influence of human resources. This helps to explain specialisation and the location of industries. Since the importance of competition policy as one of the few remaining instruments of national economic policy increases steadily the results of the book are of great importance. Clearly written and highly self contained - explaining instruments and theoretical background of the study - the book is an indispensable reading for researchers and politicians alike.' -- Hanns Abele, University of Economics and Business Administration Vienna, Austria
Table of ContentsContents: Preface 1. Entrepreneurial Competition 2. The Organisation of Knowledge 3. Intangible Investment and Human Resources 4. The Competitive Performance of European Industries 5. Sectoral Specialisation and Industrial Location 6. Competitiveness Policy Bibliography Index
