The Schumpeterian shock at General Motors in the 1920’s
Purpose: The purpose of this paper is to examine the link between Joseph Schumpeter’s economics and the rise of General Motors (GM). Design/methodology/approach: The paper uses regression analysis and time series analysis of market synchronization. Findings: There is a strong link between GM rise to dominance of the domestic automobile industry and nuanced features of Schumpeterian economics. Research limitations/implications: The paper furthers the examination of the role of information economics on marketing channel performance. Practical implications: Information helps in production decisions by synchronizing production with consumer demand. Social implications: Economic efficiency enhances the human welfare for better forecasting, lower inventories and greater profits. Originality/value: This topic has been explored before but methodology used in this paper is innovative. The paper uses Granger causality.
Year of publication: |
2018
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Authors: | Norton, Seth W. |
Published in: |
Journal of Entrepreneurship and Public Policy. - Emerald, ISSN 2045-2101, ZDB-ID 2650545-9. - Vol. 7.2018, 4 (05.11.), p. 320-335
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Publisher: |
Emerald |
Saved in:
Online Resource
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