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industry and employment. These relationsprovide the building blocks of a new industrial policy. The articles areincluded in … Innovation, Industry Evolution and Employment published by CambridgeUniversity Press in 1999. The continued rising unemployment …, Industry Evolution andEmployment is to suggest that this policy debate has been miscast. There is analternative. This …
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The purpose of this paper is to show how institutional and evolutionary economics provide better insights as to whysome firms survive and others do not than does neoclassical economics. At the heart of the evolutionary theory isthe view that new firms are a manifestation of diversity and that...
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Recent studies show that the likelihood of survival differs significantly across firms. Both firm and industry … investigate whether firm or industry characteristics dominate. Our evidence suggests that both firm- and industry …-specific characteristics shape new-firm survival during the first years subsequent to entry. However, in the longer run, most of the industry …
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