This paper concerns the operation of competition in the presence of a high rate of innovation and increasing returns. Given free competition there is likely to exist, in this case, a tendency towards what may be called ‘dynamic equilibrium’, a tendency, that is to say, for the rate of...

This paper reviews the first results from a large Danish survey on organisational innovation within the private business sector. The 1,900 surveyed firms are divided in two groups of an almost equal size according to whether or not they have undertaken organisational innovation during the period...

The aim of the present paper is twofold. We want to present and test a methodology capable to deal more satisfactorily with the question of stability of international export specialisation patterns and, secondly, we want to relate this issue to the convergence-divergence debate in growth theory...

In this paper I argue that quality standards, products standards, and quality classes influence the priority that firms give to different product developments. These standards may be viewed as institutions in the sense of shared rules of behavior or codes. They have become shared because there...

It is by now an established fact, that the so-called high technology industries have experienced growth rates way above average through most years. High technology industries share of the world manufacturers export has risen from 12 per cent in 1970 to 25 per cent in 1995. More than one-third of...

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...

The paper examines an issue related to the discussion of national specificity - whether the group of OECD countries are characterised by a high degree of stability of their export specialisation patterns at the country level or not. During a period of nearly three decades from 1965 to 1992, 20...

Austrian and post-Marshallian economics share a number of concerns, such as a basic subjecticist stance and an emphasis on the importance of inquiry into the disequilibrium market process. This paper details similarities and differences between these two bodies of thought, and argue that a...

The report deals with the reconstruction and further development of the models of industrial dynamics developed by Nelson and Winter and summarised in their famous 1982-book. The basic idea underlying the Nelson and Winter models is that a verbal account of Schumpeterian competition can...

This explorative paper argues that the central problem of economic organization is adaptation to unforeseen contingencies. However, flexibility is a rather neglected issue in the theory of economic organization. This contrasts with much organization theory, in which the seeking and processing of...