Role of technology in the emergence of newly industrializing countries

Article Abstract:

Most economists have erroneously treated the influence of technology as a variable outside the purview of their theories. In the late 1980s economists began to pay attention to the role of technology and the knowledge embodied in that technology in economic development. The evolution of an indigenous technological capacity is the single most important factor in successful technology transfer. Coupled with the Japanese idea of 'improvement engineering' this will make for long-term technological independence in lesser developed countries.

Economic policy, Science and technology policy, Developing countries, Asia, Industrial development, Industrialization

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Simulation of concentration development from modified Gibrat growth-entry-exit processes

Article Abstract:

Growth-entry-exit processes in Gibrat's law have been modified to develop a stochastic model of industrial concentration. The model generated concentration data for 280 hypothetical industries classified into 14 types. Systematic firm-level growth was found to be the main factor in determining concentration changes.

Models, Stochastic processes, Industrial concentration

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Does entry size matter? The impact of the life cycle and technology on firm survival

Article Abstract:

The stage of a company's life cycle and intensity of technology relate to the likelihood of survival of the firm in a new industry. Late in the life cycle, or with products that are technologically intensive, entry into an industry is related to strategic niche filling rather than to firm size.

Statistical Data Included, Research, New business enterprises, Startups, Corporate size

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