Topics that this article analyses constitute an intersection between technological change and industrial dynamics literature. Analysis is centered around the relationship between the shapes of technical knowledge accumulation in a given industry and the probability that innovation could be the...

By focussing on cumulativeness and spillover effects of technological knowledge, theories on technological regimes are predominantly supply side oriented in explaining industrial dynamics. This paper introduces demand side considerations as an additional explanation for industrial dynamics....

This paper explores the impact of diversity of innovative strategies of firms upon the industrial dynamics through a micro-simulation model. We consider two types of firms each one being characterised by a specific innovative strategy. Basically we assume that some cumulative firms adopt an...

According to Gibrat' Law of Proportionate Effect, the growth rate of a given firm is independent of its size at the beginning of the period examined. In contrast to the previous literature on the subject, this paper seeks to test the Law by taking account of both the entry process and the role...

This paper offers new insights into the processes of firm growth by applying a reduced form vector autoregression (VAR) model to longitudinal panel data on French manufacturing firms (1996-2004). We observe the co-evolution of key variables such as growth of employment, sales, and gross...

The paper aims to develop a methodology of an institutionalist approach of industrial dynamics. Part 1 defines the framework for such an institutionalist approach in the continuity the J.R. Commons’ method. Part 2 elaborates the basis of the project of an institutionalist industrial dynamics...

This paper conducts the first general equilibrium analysis of the role of entry, exit and profits in industry dynamics. The benefit of our model is twofold. First, to discriminate between entrants’ role of performing the entrepreneurial function of creating disequilibrium and the conventional...

The paper proposes an original institutionalist framework to analyze the dynamics of sectors (or industries), their emergence, their evolution and their possible disappearance. The meso-economic analysis concerns the way by which are institutionalized, within every industry, the relationships [...

Firm entry and exit is a part of the market selection process by which resources are reallocated within or across industries. The process of entry and exit influences economic performance through firms' internal restructuring, reallocation of resources among firms and changes in market shares of...

This chapter presents the methods and contributions of evolutionary approach to economic dynamics. First, we expose why economic dynamics can indeed be considered as evolutionary. Second, we discuss sources of diversity and selection mechanisms that drive these dynamics, in the context of...