This is a book that can be recommended for the researchers in the field.
P. Banerjee, Journal of Scientific and Industrial Research
Peneders book is an interesting contribution to our understanding of the competitive
process in a globalised economy. He comes up with empirical measures and industry rankings
which take into account intangible investment and the influence of human resources. This
helps to explain specialisation and the location of industries. Since the importance of
competition policy as one of the few remaining instruments of national economic policy
increases steadily the results of the book are of great importance. Clearly written and
highly self contained explaining instruments and theoretical background of the study
the book is an indispensable reading for researchers and politicians alike.
Hanns Abele, University of Economics and Business Administration Vienna, Austria
Entrepreneurial Competition and Industrial Location successfully combines theoretical
rigour and innovative empirical methods to assess the distinct role of intangible
investments and their impact on competitive performance. Michael Peneder uses a
structuralist approach which demonstrates that there is a strong and systematic
relationship between intangibles and competitive advantage. The book explores the notion
of entrepreneurial competition from its theoretical foundations in early Austrian and
contemporary evolutionary economics and also argues for an extension towards a systems
based theory of the firm. Focusing on the structural development of the intangible factors
of production such as labour skills, advertising and research and development, the books
empirical implications are tested in a comparative study of competitive performance in the
EU, Japan and the USA. Typical mechanisms of external spillovers, shaping industrial
location by means of Marshallian cluster formation, are also investigated.
Table of Contents
Preface
1. Entrepreneurial Competition
2. The Organisation of Knowledge
3. Intangible Investment and Human Resources
4. The Competitive Performance of European Industries
5. Sectoral Specialisation and Industrial Location
6. Competitiveness Policy
Bibliography
Index
Hardback
224 pages
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