The Evolution of an Industrial Sector with a Varying Degree of Roundaboutness of Production

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The Evolution of an Industrial Sector with a Varying Degree of Roundaboutness of Production

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dc.contributor.author Sloth Andersen, Esben
dc.date.accessioned 2010-07-02
dc.date.accessioned 2010-07-02T10:18:46Z
dc.date.available 2010-07-02T10:18:46Z
dc.date.issued 2010-07-02
dc.identifier.isbn 8778730139
dc.identifier.uri http://hdl.handle.net/10398/8121
dc.description.abstract The evolutionary model presented in this paper depicts an industrial sector with a varying degree of economic roundaboutness, i.e. vertical division of labour between producers and users of different types of intermediate products that are ultimately used for the production of a single final product. To include this vertical aspect of industrial dynamics, the model adds the concept of production trees to the evolutionary models of Schumpeterian competition. The specification of this concept suggests the use of the notions of graph theory and the related algorithms of computer science in the treatment of industrial novelty, including structural innovations. Although the model is developed within the Nelson and Winter tradition, the introduction of the 'Austrian' issue of roundaboutness implies a major extension of the research agenda, including production- structure innovations, the emergence and functioning of markets for intermediate products, ways of coping with the instability of upstream markets, the spread of the effects of an upstream innovation, and the measurement of the degree of roundaboutness and of overall productivity. The model reflects a Schumpeterian version of the Böhm-Bawerkian vision of the emergence of increased long-term roundaboutness of production. The Schumpeterian approach implies an innovation- and entrepreneur-driven process of vertical disintegration and reintegration. en_US
dc.format.extent 32 s. en_US
dc.language eng en_US
dc.publisher Aalborg University en_US
dc.relation.ispartofseries DRUID;96-13
dc.subject.other Roundaboutness, production graphs, evolutionary economic modelling, Nelson and Winter en_US
dc.title The Evolution of an Industrial Sector with a Varying Degree of Roundaboutness of Production en_US
dc.type wp en_US
dc.accessionstatus modt10jul02 siso en_US
dc.contributor.corporation Copenhagen Business School. CBS en_US
dc.contributor.department Institut for Innovation og Organisationsøkonomi en_US
dc.contributor.departmentshort INO en_US
dc.contributor.departmentuk Department of Innovation and Organizational Economics en_US
dc.contributor.departmentukshort INO en_US
dc.idnumber 8778730139 en_US
dc.publisher.city Aalborg en_US
dc.publisher.year 1996 en_US


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