The Experts below are selected from a list of 30048 Experts worldwide ranked by ideXlab platform
Klaus Rennings - One of the best experts on this subject based on the ideXlab platform.
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redefining Innovation eco Innovation research and the contribution from ecological Economics
Ecological Economics, 2000Co-Authors: Klaus RenningsAbstract:While Innovation processes toward sustainable development (eco-Innovations) have received increasing attention during the past years, theoretical and methodological approaches to analyze these processes are poorly developed. Against this background, the term eco-Innovation is introduced in this paper addressing explicitly three kinds of changes towards sustainable development: technological, social and institutional Innovation. Secondly, the potential contribution of neoclassical and (co-)evolutionary approaches from environmental and Innovation Economics to eco-Innovation research is discussed. Three peculiarities of eco-Innovation are identified: the double externality problem, the regulatory push:pull effect and the increasing importance of social and institutional Innovation. While the first two are widely ignored in Innovation Economics, the third is at the least not elaborated appropriately. The consideration of these peculiarities may help to overcome market failure by establishing a specific eco-Innovation policy and to avoid a ‘technology bias’ through a broader understanding of Innovation. Finally, perspectives for a specific contribution of ecological Economics to eco-Innovation research are drawn. It is argued that methodological pluralism as established in ecological Economics would be very beneficial for eco-Innovation research. A theoretical framework integrating elements from both neoclassical and evolutionary approaches should be pursued in order to consider the complexity of factors influencing Innovation decisions as well as the specific role of regulatory instruments. And the experience gathered in ecological Economics integrating ecological, social and economic aspects of sustainable development is highly useful for opening up Innovation research to social and institutional changes. © 2000 Elsevier Science B.V. All rights reserved.
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towards a theory and policy of eco Innovation neoclassical and co evolutionary perspectives
Research Papers in Economics, 1998Co-Authors: Klaus RenningsAbstract:Innovation processes toward sustainable development (eco-Innovations) have received increasing attention during the past years. Since existing theoretical and methodological frameworks do not address these problems adequately, research need can be identified to improve our understanding of Innovation processes toward sustainability in their different dimensions, complex feedback mechanisms and interrelations. This paper discusses the potential contribution of neoclassical and (co-)evolutionary approaches from environmental and Innovation Economics to fill this gap. It is argued that both approaches have their merits and limits concerning a theory and policy of ecoInnovation. Neoclassical methods are most elaborated to analyze the efficiency of incentive systems which seems to be essential for stimulating Innovation. Evolutionary approaches are more appropriate for analyzing long-term technological regime shifts. On this theoretical basis, a crucial question is if Innovations toward sustainability can be treated like normal Innovations or if a specific theory and policy are needed. Three specialties of eco-Innovation are identified: the double externality problem, the regulatory push/pull effect and the increasing importance of social and institutional Innovation. While the first two of them are widely ignored in Innovation Economics, the third is at least not elaborated appropriately. The consideration of these specialties may help to overcome market failure by establishing a specific eco-Innovation policy and to avoid a "technology bias" by a broader understanding of Innovation. Eco-Innovation policy requires close coordination with environmental policy in all Innovation phases. Environmental and eco-Innovation policy can be regarded as complementarily. However, an environmental policy neglecting the potentially beneficial effects of a specific eco-Innovation policy (especially in the invention phase) may lead to excessive economic costs. Due to the specialties of eco-Innovation, it seems moreover to be crucial to strengthen the importance of social and institutional Innovation in both eco-Innovation theory and policy.
Paul Stoneman - One of the best experts on this subject based on the ideXlab platform.
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soft Innovation Economics product aesthetics and the creative industries
2010Co-Authors: Paul StonemanAbstract:1. Introduction PART I: THE NATURE AND EXTENT OF SOFT Innovation 2. Defining Soft Innovation 3. Aggregate Measures of Soft Innovation 4. Soft Innovation in the Creative Industries: Books, Recorded Music, and Video Games 5. Soft Innovations Outside the Creative Industries: The Food, Pharmaceuticals, and Financial Industries PART II: THE ECONOMIC ANALYSIS OF SOFT Innovation 6. The Economic Analysis of TPP Innovation as a Foundation for the Analysis of Soft Innovation 7. The Supply of Soft Product Innovations 8. The Diffusion of Soft Innovations 9. Soft Innovation and Uncertainty: Variant Proliferation, Insurance Markets, and Finance 10. Soft Innovation, Intellectual Property Rights, Competition, and Welfare PART III: IMPACTS AND IMPLICATIONS 11. The Impact of Soft Innovations on Firm Performance 12. Soft Innovation and Government Policy 13. Conclusions and Future Prospects
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soft Innovation Economics product aesthetics and the creative industries
2010Co-Authors: Paul StonemanAbstract:At its heart this book is about Innovation and the Innovation process. On the way, it considers aesthetics, design, creativity and the creative industries, and a number of other similar topics. Much of the existing economic literature on Innovation has taken a particularly technological or functional viewpoint as to what sort of new products and processes are to be considered Innovations. One of the key points that this book highlights is that there is a type of Innovation, here labelled 'soft Innovation', primarily concerned with changes in products (and perhaps processes) of an aesthetic or intellectual nature, that has largely been ignored in the study of Innovation prevalent in Economics. Examples of Innovations that, as a result of this refocusing, are here placed at the centre of the analysis include: the writing and publishing of a new book, the writing, production, and launching of a new movie, the development and launch of a new advertising promotion, the design and production of a new range of furniture, and architectural activity in the generation of new built form designs. The realisation of the existence of soft Innovation means that, not only is Innovation more widespread than previously considered, but that it may also take a different form than commonly considered. Soft Innovation addresses key issues such as: * The measurement of the rate and extent of soft Innovation, * The determinants of the rate and direction of soft Innovation and its diffusion, * The impacts of soft Innovation and diffusion upon outputs, productivity, employment, firm performance, trade, and economic welfare, * Policy, considering whether there is a rationale for government intervention in the soft Innovation generation and diffusion processes, and if so what instruments can be used in such intervention? Soft Innovation breaks new ground in the study of Innovation, and will be key reading for academics and researchers of Innovation, Marketing, and Design, as well as consultants, practitioners, and policy-makers concerned with the creative industries.
Albors Garrigós José - One of the best experts on this subject based on the ideXlab platform.
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Integrating Customers and Suppliers in Retail Co-Innovation: Mercadona, the Spanish grocery retailer, uses a co-Innovation approach in which customers and suppliers collaborate to create new products
'Informa UK Limited', 2020Co-Authors: Albors Garrigós José, De-miguel-molina MaríaAbstract:[EN] The retail grocery sector is not a leader in new product development due to inherent Innovation risks and retailers' complex relationships with suppliers. Product co-Innovation is an effective way to overcome Innovation barriers and is feasible when retailers collaborate with customers and suppliers. We present a case study of Mercadona, a leading retailer in Spain that introduces new products developed using a novel co-Innovation approach where customers and suppliers collaborate in Innovation hubs from the start of the ideation phase. Other companies can learn from Mercadona's Innovation journey over the last 20 years.Albors Garrigós, J.; De-Miguel-Molina, M. (2020). Integrating Customers and Suppliers in Retail Co-Innovation: Mercadona, the Spanish grocery retailer, uses a co-Innovation approach in which customers and suppliers collaborate to create new products. Research-Technology Management. 63(3):33-41. https://doi.org/10.1080/08956308.2020.1733887S3341633Bobot, L. (2011). Functional and dysfunctional conflicts in retailer‐supplier relationships. International Journal of Retail & Distribution Management, 39(1), 25-50. doi:10.1108/09590551111104468Cooper, R. G., & Edgett, S. J. (2008). Maximizing Productivity in Product Innovation. Research-Technology Management, 51(2), 47-58. doi:10.1080/08956308.2008.11657495Esbjerg, L., Burt, S., Pearse, H., & Glanz-Chanos, V. (2016). Retailers and technology-driven Innovation in the food sector. British Food Journal, 118(6), 1370-1383. doi:10.1108/bfj-10-2015-0367Grimmer, L. (2017). The diminished stakeholder: Examining the relationship between suppliers and supermarkets in the Australian grocery industry. Journal of Consumer Behaviour, 17(1), e13-e20. doi:10.1002/cb.1674Helminen, P., Ainoa, J., & Mäkinen, S. (2015). Designing user Innovation toolkits: exploring the interrelation between solution space and module library. International Journal of Design Creativity and Innovation, 4(3-4), 162-180. doi:10.1080/21650349.2015.1043351JANSSEN, K. L., & DANKBAAR, B. (2008). PROACTIVE INVOLVEMENT OF CONSUMERS IN Innovation: SELECTING APPROPRIATE TECHNIQUES. International Journal of Innovation Management, 12(03), 511-541. doi:10.1142/s1363919608002047Kim, S., Kim, N., Pae, J. H., & Yip, L. (2013). Cooperate «and» compete: coopetition strategy in retailer‐supplier relationships. Journal of Business & Industrial Marketing, 28(4), 263-275. doi:10.1108/08858621311313875Londoño, J. C., Elms, J., & Davies, K. (2016). Conceptualising and measuring consumer-based brand–retailer–channel equity. Journal of Retailing and Consumer Services, 29, 70-81. doi:10.1016/j.jretconser.2015.11.004Luceri, B., Sabbadin, E., & Zerbini, C. (2017). Innovation in Tradition: Key Success Factors of New Entrepreneurs in the Retail Trade. International Business Research, 10(12), 239. doi:10.5539/ibr.v10n12p239Pantano, E. (2014). Innovation drivers in retail industry. International Journal of Information Management, 34(3), 344-350. doi:10.1016/j.ijinfomgt.2014.03.002Pantano, E. (2016). Engaging consumer through the storefront: Evidences from integrating interactive technologies. Journal of Retailing and Consumer Services, 28, 149-154. doi:10.1016/j.jretconser.2015.09.007Schenk, E., & Guittard, C. (2011). Towards a characterization of crowdsourcing practices. Journal of Innovation Economics, 7(1), 93. doi:10.3917/jie.007.0093Shankar, V., Inman, J. J., Mantrala, M., Kelley, E., & Rizley, R. (2011). Innovations in Shopper Marketing: Current Insights and Future Research Issues. Journal of Retailing, 87, S29-S42. doi:10.1016/j.jretai.2011.04.00
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Barriers and enablers for Innovation in the retail sector: Co-innovating with the customer. A case study in grocery retailing
'Elsevier BV', 2020Co-Authors: Albors Garrigós JoséAbstract:[EN] This article aims to analyze Innovation barriers and drivers in the retail sector and report on a successful product Innovation case study of a leading grocery retailing firm in Spain. The firm, Mercadona, successfully launched an original co-Innovation initiative with its customers consisting of bringing consumers to co-Innovation labs set up by the company, having them analyze, in a home environment setting, how they use the firm¿s products and what suggestions they have for alternative methods, improvements, or completely new developments. The research findings were conclusive that a combination of customer focus culture, brand development, and cooperation with suppliers was crucial for the success of the project. Technology contributed as well as a supportive tool of the communication with consumers. The method followed a new and unique ethnographic approach.Albors Garrigós, J. (2020). Barriers and enablers for Innovation in the retail sector: Co-innovating with the customer. A case study in grocery retailing. Journal of Retailing and Consumer Services. 55:1-10. https://doi.org/10.1016/j.jretconser.2020.102077S11055Banović, M., Krystallis, A., Guerrero, L., & Reinders, M. J. (2016). Consumers as co-creators of new product ideas: An application of projective and creative research techniques. Food Research International, 87, 211-223. doi:10.1016/j.foodres.2016.07.010Bassano, C., Gaeta, M., Piciocchi, P., & Spohrer, J. C. (2017). Learning the Models of Customer Behavior: From Television Advertising to Online Marketing. International Journal of Electronic Commerce, 21(4), 572-604. doi:10.1080/10864415.2016.1355654Pinto, G. L., Dell’Era, C., Verganti, R., & Bellini, E. (2017). Innovation strategies in retail services: solutions, experiences and meanings. European Journal of Innovation Management, 20(2), 190-209. doi:10.1108/ejim-06-2015-0049Botschen, G., & Wegerer, P. K. (2017). Brand-driven retail format Innovation: a conceptual framework. International Journal of Retail & Distribution Management, 45(7/8), 874-891. doi:10.1108/ijrdm-10-2016-0181Busse, M., & Siebert, R. (2018). The role of consumers in food Innovation processes. European Journal of Innovation Management, 21(1), 20-43. doi:10.1108/ejim-03-2017-0023Calantone, R. J., Chan, K., & Cui, A. S. (2006). Decomposing Product Innovativeness and Its Effects on New Product Success. Journal of Product Innovation Management, 23(5), 408-421. doi:10.1111/j.1540-5885.2006.00213.xChao, C.-W., Reid, M., & Mavondo, F. T. (2012). Consumer Innovativeness Influence on Really New Product Adoption. Australasian Marketing Journal, 20(3), 211-217. doi:10.1016/j.ausmj.2012.02.001Cronin, P., Ryan, F., & Coughlan, M. (2008). Undertaking a literature review: a step-by-step approach. British Journal of Nursing, 17(1), 38-43. doi:10.12968/bjon.2008.17.1.28059Di Pietro, L., Pantano, E., & Di Virgilio, F. (2014). Frontline employees׳ attitudes towards self-service technologies: Threats or opportunity for job performance? Journal of Retailing and Consumer Services, 21(5), 844-850. doi:10.1016/j.jretconser.2014.02.014Esbjerg, L., Burt, S., Pearse, H., & Glanz-Chanos, V. (2016). Retailers and technology-driven Innovation in the food sector. British Food Journal, 118(6), 1370-1383. doi:10.1108/bfj-10-2015-0367Griffin, A., & Page, A. L. (1996). PDMA Success Measurement Project: Recommended Measures for Product Development Success and Failure. Journal of Product Innovation Management, 13(6), 478-496. doi:10.1111/1540-5885.1360478Grimmer, L. (2017). The diminished stakeholder: Examining the relationship between suppliers and supermarkets in the Australian grocery industry. Journal of Consumer Behaviour, 17(1), e13-e20. doi:10.1002/cb.1674Fazal e Hasan, S., Lings, I., Neale, L., & Mortimer, G. (2014). The role of customer gratitude in making relationship marketing investments successful. Journal of Retailing and Consumer Services, 21(5), 788-796. doi:10.1016/j.jretconser.2014.06.007Heiskanen, E., Hyvönen, K., Niva, M., Pantzar, M., Timonen, P., & Varjonen, J. (2007). User involvement in radical Innovation: are consumers conservative? European Journal of Innovation Management, 10(4), 489-509. doi:10.1108/14601060710828790Helminen, P., Ainoa, J., & Mäkinen, S. (2015). Designing user Innovation toolkits: exploring the interrelation between solution space and module library. International Journal of Design Creativity and Innovation, 4(3-4), 162-180. doi:10.1080/21650349.2015.1043351Hristov, L., & Reynolds, J. (2015). Perceptions and practices of Innovation in retailing. International Journal of Retail & Distribution Management, 43(2), 126-147. doi:10.1108/ijrdm-09-2012-0079Huang, Y., & Huddleston, P. (2009). Retailer premium own‐brands: creating customer loyalty through own‐brand products advantage. International Journal of Retail & Distribution Management, 37(11), 975-992. doi:10.1108/09590550910999389JANSSEN, K. L., & DANKBAAR, B. (2008). PROACTIVE INVOLVEMENT OF CONSUMERS IN Innovation: SELECTING APPROPRIATE TECHNIQUES. International Journal of Innovation Management, 12(03), 511-541. doi:10.1142/s1363919608002047Leclercq, T., Poncin, I., & Hammedi, W. (2017). The Engagement Process During Value Co-Creation: Gamification in New Product-Development Platforms. International Journal of Electronic Commerce, 21(4), 454-488. doi:10.1080/10864415.2016.1355638Lilien, G. L., Morrison, P. D., Searls, K., Sonnack, M., & Hippel, E. von. (2002). Performance Assessment of the Lead User Idea-Generation Process for New Product Development. Management Science, 48(8), 1042-1059. doi:10.1287/mnsc.48.8.1042.171Lin, C.-Y. (2015). Conceptualizing and measuring consumer perceptions of retailer innovativeness in Taiwan. Journal of Retailing and Consumer Services, 24, 33-41. doi:10.1016/j.jretconser.2015.01.009Londoño, J. C., Elms, J., & Davies, K. (2016). Conceptualising and measuring consumer-based brand–retailer–channel equity. Journal of Retailing and Consumer Services, 29, 70-81. doi:10.1016/j.jretconser.2015.11.004López-González, A., C. Lois-González, R., & Fernández-Casal, R. (2013). Mercadona (Spain): a retail model in expansion. International Journal of Retail & Distribution Management, 41(1), 6-26. doi:10.1108/09590551311288148Luceri, B., Sabbadin, E., & Zerbini, C. (2017). Innovation in Tradition: Key Success Factors of New Entrepreneurs in the Retail Trade. International Business Research, 10(12), 239. doi:10.5539/ibr.v10n12p239Martos-Partal, M. (2012). Innovation and the market share of private labels. Journal of Marketing Management, 28(5-6), 695-715. doi:10.1080/0267257x.2010.517712Miguel, B. C., & Santiago, G. B. (2010). Application of the total quality management approach in a Spanish retailer: the case of Mercadona. Total Quality Management & Business Excellence, 21(12), 1365-1381. doi:10.1080/14783363.2010.530782Mohan, G., Sivakumaran, B., & Sharma, P. (2012). Store environment’s impact on variety seeking behavior. Journal of Retailing and Consumer Services, 19(4), 419-428. doi:10.1016/j.jretconser.2012.04.003Mukerjee, K. (2013). Customer‐oriented organizations: a framework for Innovation. Journal of Business Strategy, 34(3), 49-56. doi:10.1108/jbs-jun-2012-0013Pantano, E. (2014). Innovation drivers in retail industry. International Journal of Information Management, 34(3), 344-350. doi:10.1016/j.ijinfomgt.2014.03.002Pantano, E. (2014). Innovation management in retailing: From consumer perspective to corporate strategy. Journal of Retailing and Consumer Services, 21(5), 825-826. doi:10.1016/j.jretconser.2014.02.017Pantano, E. (2016). Engaging consumer through the storefront: Evidences from integrating interactive technologies. Journal of Retailing and Consumer Services, 28, 149-154. doi:10.1016/j.jretconser.2015.09.007Pantano, E. (2016). Benefits and risks associated with time choice of innovating in retail settings. International Journal of Retail & Distribution Management, 44(1), 58-70. doi:10.1108/ijrdm-03-2015-0047Pantano, E., & Migliarese, P. (2014). Exploiting consumer–employee–retailer interactions in technology-enriched retail environments through a relational lens. Journal of Retailing and Consumer Services, 21(6), 958-965. doi:10.1016/j.jretconser.2014.08.015Pantano, E., & Naccarato, G. (2010). Entertainment in retailing: The influences of advanced technologies. Journal of Retailing and Consumer Services, 17(3), 200-204. doi:10.1016/j.jretconser.2010.03.010Pantano, E., & Timmermans, H. (2014). What is Smart for Retailing? Procedia Environmental Sciences, 22, 101-107. doi:10.1016/j.proenv.2014.11.010Pantano, E., & Vannucci, V. (2019). Who is innovating? An exploratory research of digital technologies diffusion in retail industry. Journal of Retailing and Consumer Services, 49, 297-304. doi:10.1016/j.jretconser.2019.01.019Pantano, E., & Viassone, M. (2014). Demand pull and technology push perspective in technology-based Innovations for the points of sale: The retailers evaluation. Journal of Retailing and Consumer Services, 21(1), 43-47. doi:10.1016/j.jretconser.2013.06.007Pantano, E., Priporas, C.-V., & Baier, D. (2017). Guest Editors’ Introduction: Smart Interaction with Consumers: From Co-Creation to Smart Partnership. International Journal of Electronic Commerce, 21(4), 449-453. doi:10.1080/10864415.2016.1355636Pantano, E., Priporas, C.-V., Sorace, S., & Iazzolino, G. (2017). Does Innovation-orientation lead to retail industry growth? Empirical evidence from patent analysis. Journal of Retailing and Consumer Services, 34, 88-94. doi:10.1016/j.jretconser.2016.10.001Pantano, E., Priporas, C.-V., & Stylos, N. (2018). Knowledge Push Curve (KPC) in retailing: Evidence from patented Innovations analysis affecting retailers’ competitiveness. Journal of Retailing and Consumer Services, 44, 150-160. doi:10.1016/j.jretconser.2018.06.004Pantano, E., Priporas, C. V., & Foroudi, P. (2019). Innovation starts at the storefront. International Journal of Retail & Distribution Management, 47(2), 202-219. doi:10.1108/ijrdm-07-2018-0120Prediger, M., Huertas-Garcia, R., & Gázquez-Abad, J. C. (2019). Store flyer design and the intentions to visit the store and buy: The moderating role of perceived variety and perceived store image. Journal of Retailing and Consumer Services, 51, 202-211. doi:10.1016/j.jretconser.2019.06.003Reinartz, W., Dellaert, B., Krafft, M., Kumar, V., & Varadarajan, R. (2011). Retailing Innovations in a Globalizing Retail Market Environment. Journal of Retailing, 87, S53-S66. doi:10.1016/j.jretai.2011.04.009Reynolds, J., Howard, E., Cuthbertson, C., & Hristov, L. (2007). Perspectives on retail format Innovation: relating theory and practice. International Journal of Retail & Distribution Management, 35(8), 647-660. doi:10.1108/09590550710758630Rubio, N., Villaseñor, N., & Yagüe, M. J. (2017). Creation of consumer loyalty and trust in the retailer through store brands: The moderating effect of choice of store brand name. Journal of Retailing and Consumer Services, 34, 358-368. doi:10.1016/j.jretconser.2016.07.014Schenk, E., & Guittard, C. (2011). Towards a characterization of crowdsourcing practices. Journal of Innovation Economics, 7(1), 93. doi:10.3917/jie.007.0093Shankar, V., Inman, J. J., Mantrala, M., Kelley, E., & Rizley, R. (2011). Innovations in Shopper Marketing: Current Insights and Future Research Issues. Journal of Retailing, 87, S29-S42. doi:10.1016/j.jretai.2011.04.007Sorescu, A., Frambach, R. T., Singh, J., Rangaswamy, A., & Bridges, C. (2011). Innovations in Retail Business Models. Journal of Retailing, 87, S3-S16. doi:10.1016/j.jretai.2011.04.00
Dai Shuanping - One of the best experts on this subject based on the ideXlab platform.
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Growth, development, and structural change at the firm-level: The example of the PR China
2020Co-Authors: Heinrich Torsten, Yang Jangho, Dai ShuanpingAbstract:Understanding the microeconomic details of technological catch-up processes offers great potential for informing both Innovation Economics and development policy. We study the economic transition of the PR China from an agrarian country to a high-tech economy as one example for such a case. It is clear from past literature that rapidly rising productivity levels played a crucial role. However, the distribution of labor productivity in Chinese firms has not been comprehensively investigated and it remains an open question if this can be used to guide economic development. We analyze labor productivity and the dynamic change of labor productivity in firm-level data for the years 1998-2013 from the Chinese Industrial Enterprise Database. We demonstrate that both variables are conveniently modeled as Lévy alpha-stable distributions, provide parameter estimates and analyze dynamic changes to this distribution. We find that the productivity gains were not due to super-star firms, but due to a systematic shift of the entire distribution with otherwise mostly unchanged characteristics. We also found an emerging right-skew in the distribution of labor productivity change. While there are significant differences between the 31 provinces and autonomous regions of the P.R. China, we also show that there are systematic relations between micro-level and province-level variables. We conclude with some implications of these findings for development policy
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Growth, development, and structural change at the firm-level: The example of the PR China
2020Co-Authors: Heinrich Torsten, Yang Jangho, Dai ShuanpingAbstract:Understanding the microeconomic details of technological catch-up processes offers great potential for informing both Innovation Economics and development policy. We study the economic transition of the PR China from an agrarian country to a high-tech economy as one example for such a case. It is clear from past literature that rapidly rising productivity levels played a crucial role. However, the distribution of labor productivity in Chinese firms has not been comprehensively investigated and it remains an open question if this can be used to guide economic development. We analyze labor productivity and the dynamic change of labor productivity in firm-level data for the years 1998-2013 from the Chinese Industrial Enterprise Database. We demonstrate that both variables are conveniently modeled as L\'evy alpha-stable distributions, provide parameter estimates and analyze dynamic changes to this distribution. We find that the productivity gains were not due to super-star firms, but due to a systematic shift of the entire distribution with otherwise mostly unchanged characteristics. We also found an emerging right-skew in the distribution of labor productivity change. While there are significant differences between the 31 provinces and autonomous regions of the P.R. China, we also show that there are systematic relations between micro-level and province-level variables. We conclude with some implications of these findings for development policy
Heinrich Torsten - One of the best experts on this subject based on the ideXlab platform.
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Growth, development, and structural change at the firm-level: The example of the PR China
2020Co-Authors: Heinrich Torsten, Yang Jangho, Dai ShuanpingAbstract:Understanding the microeconomic details of technological catch-up processes offers great potential for informing both Innovation Economics and development policy. We study the economic transition of the PR China from an agrarian country to a high-tech economy as one example for such a case. It is clear from past literature that rapidly rising productivity levels played a crucial role. However, the distribution of labor productivity in Chinese firms has not been comprehensively investigated and it remains an open question if this can be used to guide economic development. We analyze labor productivity and the dynamic change of labor productivity in firm-level data for the years 1998-2013 from the Chinese Industrial Enterprise Database. We demonstrate that both variables are conveniently modeled as Lévy alpha-stable distributions, provide parameter estimates and analyze dynamic changes to this distribution. We find that the productivity gains were not due to super-star firms, but due to a systematic shift of the entire distribution with otherwise mostly unchanged characteristics. We also found an emerging right-skew in the distribution of labor productivity change. While there are significant differences between the 31 provinces and autonomous regions of the P.R. China, we also show that there are systematic relations between micro-level and province-level variables. We conclude with some implications of these findings for development policy
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Growth, development, and structural change at the firm-level: The example of the PR China
2020Co-Authors: Heinrich Torsten, Yang Jangho, Dai ShuanpingAbstract:Understanding the microeconomic details of technological catch-up processes offers great potential for informing both Innovation Economics and development policy. We study the economic transition of the PR China from an agrarian country to a high-tech economy as one example for such a case. It is clear from past literature that rapidly rising productivity levels played a crucial role. However, the distribution of labor productivity in Chinese firms has not been comprehensively investigated and it remains an open question if this can be used to guide economic development. We analyze labor productivity and the dynamic change of labor productivity in firm-level data for the years 1998-2013 from the Chinese Industrial Enterprise Database. We demonstrate that both variables are conveniently modeled as L\'evy alpha-stable distributions, provide parameter estimates and analyze dynamic changes to this distribution. We find that the productivity gains were not due to super-star firms, but due to a systematic shift of the entire distribution with otherwise mostly unchanged characteristics. We also found an emerging right-skew in the distribution of labor productivity change. While there are significant differences between the 31 provinces and autonomous regions of the P.R. China, we also show that there are systematic relations between micro-level and province-level variables. We conclude with some implications of these findings for development policy