Schumpeterian development is characterised by the simultaneous interplay of growth and qualitative transformations of the economic system. At the sectoral level, such qualitative transformations become manifest as variations in the sectoral composition of production. Following the implementation...

This paper establishes the existence of systematic differences in the nature of competitive strategies typically pursued across industries. By means of qualitative content analysis, we extracted a matrix of 76 industries times 12 strategies reported as being characteristic in a series of...

Much emphasis on the sectoral perspective in economics originates in the observation of the diverse and contingent nature of competitive behaviour, where a firm’s performance depends on the capability to match its organisation and strategy to the technological, social and economic restrictions...

This paper reviews the major finance-related causes of private under-investment in innovation and the consequent alternative choices for public policy. The focus is on incentive-based arguments that address the problem of limited appropriability of new knowledge, and on the lacking access to...