The Open UniversitySkip to content
 

Indices that capture creative destruction: questions and implications

Mazzucato, Mariana and Tancioni, Massimiliano (2005). Indices that capture creative destruction: questions and implications. Revue d'Economie Industrielle, 110(2nd tr) pp. 199–218.

Full text available as:
[img]
Preview
PDF (Not Set) - Requires a PDF viewer such as GSview, Xpdf or Adobe Acrobat Reader
Download (330Kb)
URL: http://www.editecom.com/index_rei.htm
Google Scholar: Look up in Google Scholar

Abstract

The paper argues that micro and macro economists interested in the dynamics of creative destruction can gain important insights by using indices that capture the effect of innovation on the relative position of firms. This is due to the uneven and 'destructive' effect that radical innovation has on firm rankings. One such index is the market share instability index. On the financial side, the excess volatility of stock prices and idiosyncratic risk also appear to capture the uneven dynamics of creative destruction. The paper concludes by considering the implications of these propositions for economy-wide growth during periods of radical innovation (e.g. GPTs).

Item Type: Journal Article
ISSN: 0154-3229
Academic Unit/Department: Social Sciences > Economics
Item ID: 9461
Depositing User: Christopher Biggs
Date Deposited: 27 Sep 2007
Last Modified: 22 Jan 2011 23:27
URI: http://oro.open.ac.uk/id/eprint/9461
Share this page:

Actions (login may be required)

View Item
Report issue / request change

Policies | Disclaimer

© The Open University   + 44 (0)870 333 4340   general-enquiries@open.ac.uk