Innovation, Globalization and Firm Dynamics
Lessons for Enterprise Policy
Edited by Anna M. Ferragina, Erol Taymaz, Kamil Yilmaz
Routledge – 2013 – 376 pages
This book is about the relationship between firm dynamics, innovation and globalization, the processes that are essential for long term economic growth and welfare creation. This volume deals with these three issues in three sections titled respectively: entrepreneurship, new firm formation and growth; productivity-innovation-growthnexus; globalization, multinational firms and producers’ dynamics. The book presents new studies written by distinguished researchers in the field, who use state-of-the-art methodologies and extensive sources of firm- and plant-level longitudinal data to analyze and understand these major economic issues facing modern economies.
In the first section, the book proposes two comprehensive introductory surveys which explore in detail the underpinnings of entrepreneurship, new firm formation and growth in advanced and developing countries. The second fundamental issue, productivity-innovation and firm dynamics, is approached by examining key drivers of selection mechanisms such as size, scale elasticity, innovative efforts, financial fragility of the firms, barriers to entry and exit, capital and financial market distortions, institutional inefficiencies and other market imperfections which affect the ability of firms to expand or enter. The third section examines differences, linkages and intertwined evolution of foreign and domestic firms in their dynamics of survival and growth in different institutional contexts and periods.
Each chapter includes a detailed discussion of the implications of the respective analyses for enterprise policy. In a concluding chapter the overall implications for enterprise policy of the analyses presented in the different chapters are drawn by the Editors. This approach ensures that the book is integrated around a coherent central theme in comprehensive framework.
The book responds to a growing concern among scholars, professionals, and policy makers over the recent decades about firm ability to survive and compete in a context of increasing globalization and international competition. The approach adopted is both theoretical and empirical with consideration of paradigmatic case studies in Europe, Africa and Asia, providing new evidence on developed, developing and transition economies in a comparative perspective. The cases selected represent different levels of development, different firms strategies and paths, with distinct outcomes. The book is an essential reading for scholars and students concerned with industry development, public policy and globalization, as well as to all those involved professionally in such issues.
1. Entrepreneurship And Post-Entry Performance: The Microeconomic Evidence 2. Gibrat's Law, Firms' Growth (and decline) and the Evolution of Firms' Size Distribution 3. Firm Size Distribution and Returns to Scale. Non-Parametric Frontier Estimates from Italian Manufacturing 4. Innovation, growth and survival of Spanish manufacturing firms 5. Survival of the Fittest: Productivity versus Corruption Effects 6. Innovation and Exports of German Business Services Enterprises: First Evidence from a New Type of Firm Data 7. Young, Small and Export Oriented: the Moroccan Winners? 8. Financial fragility and the distribution of firm growth rates: A Quantile Regressions Approach 9. Determinants of Entry and Exit: Evidence from Tunisian Manufacturing Industries 10. Foreign Direct Investment and Firm Survival in Transition Countries 11. Foreign Ownership, Survival and Growth Dynamics in Turkish Manufacturing 12. Foreign investment and firm selection in Italy: the role of linkages and absorptive capacity 13. Global Activities and Plant Survival - The Case of Sweden 14. Firm Survival and Employment Dynamics during Crises 15. What have We Learned? Lessons for Enterprise Policy
Anna Maria Ferragina is assistant professor of Economics at the University of Salerno, researcher of the Centre of Labour Economics and Political Economy (CELPE, University of Salerno) and member of the Board of Directors of the Forum Euroméditerranéen des Instituts de Sciences Économiques (FEMISE)
Erol Taymaz is a Professor of Economics at Middle East Technical University , Ankara, Turkey
Kamil Yilmaz is a Professor of Economics at Koç University, Istanbul, Turkey