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

Show simple item record

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