The paper gives attention to the question of whether the development of evolutionary theories in biology over the last twenty years has any implications for evolutionary economics. Though criticisms of Darwin and the modern synthesis have always existed, most of them have not been widely...

Inter-rm competition has received much attention in the theoreticalliterature, but recent empirical work suggests that the growth rates of ri-val rms are uncorrelated, and that rm growth can be taken as an essen-tially independent process. We begin by investigating the correlations of thegrowth...

Our empirical literature review shows that little is known about how firm performance changes withage, presumably because of the paucity of data on firm age. For Spanish manufacturing firms, weanalyse the firm performance related to firm age between 1998 and 2006. We find evidence thatfirms...

We apply a panel vector autoregression model to a firm-level longitudinal databaseto observe the co-evolution of sales growth, employment growth, profits growth andgrowth of R&D expenditure. Contrary to expectations, profit growth seems to havelittle detectable effect on R&D investment. Instead,...

A characteristic feature of economic development is the ever changing structure ofconsumption patterns. Reducing the explanation of this phenomenon to changingprices, finally caused by changes in the availability of goods (or characteristics),would neglect a major force driving this change, i.e....

Empirical work on micro and small firms has focused on developed countries.The little work that exists on developing countries is all too often based on smallsamples taken from ad hoc questionnaires. The census data we analyze are fairlyrepresentative of the structure of small business in India....