Mazzucato, Mariana - In: Journal of Evolutionary Economics 13 (2003) 5, pp. 491-512
The paper studies the patterns of volatility in firm growth rates and stock prices during the early phase of the life-cycle of an old economy industry, the US automobile industry from 1900-1930, and a new economy industry, the US PC industry from 1974-2000. In both industries, firm growth rates...