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on Technology and Industrial Dynamics |
| By: | Manuel Acosta; Daniel Coronado |
| Abstract: | Relevant scientific literature has demonstrated that in spaces of smaller scale than the national, the availability of scientific knowledge is also relevant for generating spillover effects that benefit the industrial sector. The proliferation of such literature consistently stressing the importance of physical proximity for the two-way flow of knowledge and for the development and fostering of innovation, together with the high degree of self-government of the Spanish regions (which have the competence to develop their own R&D policies), all suggest that the relationships between the scientific community and the industrial sector may be closer and more productive in the regions where the scientific potential is more relevant, in comparison with other regions. The basic objective of this article is to test for the possible differential effects of a favourable scientific environment on science-technology relationships, and more specifically, to determine if the considerable regional resources directed towards scientific research in local universities are being translated into economic results for industry, by way of better utilisation of scientific knowledge to enable companies to generate more and better innovations in processes and products. The methodology that we employ relates the scientific citations in patent documents - as a basic indicator of these science-technology flows- with various indicators of resources and results of academic research that reflect the scientific research environment. With caution, and recognising the limitations inherent in the NPC (non patent citation) methodology, different econometric specifications permit the conclusion to be drawn that companies of those regions with a more favourable scientific environment make greater use of scientific knowledge. JEL Classification: O31, O38, C21, R59. |
| Date: | 2004–08 |
| URL: | http://d.repec.org/n?u=RePEc:wiw:wiwrsa:ersa04p270&r=tid |
| By: | Sierdjan Koster |
| Abstract: | In the field of firm demography, spin-offs have recently attracted attention as a very successful form of new firm formation. Policy makers see spin-offs as particularly fertile innovators in an economy. Theoretically, following lines of thought from the resource-based theory, spin-offs are also expected to perform better than other start-ups that lack the resource base spin-offs inherited from their mother companies. This paper shows, based on an empirical study of American entrepreneurs (ERC-dataset) that spin-offs are indeed a step ahead of firms that do not receive support from a third party company. In the early stages of their existence, spin-offs are leading other new firms in the development of their products, spin-offs show an increased tendency to hire personnel, and spin-offs receive their first income sooner than other firms. At start-up, spin-outs hardly differ from individual start-ups, which have not received any back-up during the gestation process. After one year they seem to perform slightly better. |
| Date: | 2004–08 |
| URL: | http://d.repec.org/n?u=RePEc:wiw:wiwrsa:ersa04p287&r=tid |
| By: | José Luis Calvo González |
| Abstract: | The article analyses if Gibrat’s law holds in different regions of Spain using a sample of Spanish manufacturing firms over the period 1990-2001. The regions are classified depending on the degree of development of the provinces included. The study draws upon a sample of 1073 manufacturing firms in which only 751 of them survived for the whole twelve years period. The analyses test Gibrat’s law by using the procedure proposed by Heckman, in which a probit survival equation is first estimated to correct for sample selection bias, estimating the model by maximum likelihood methods. The results reject Gibrat’s law for the most developed Spanish regions, supporting the proposition that small firms have grown faster, but accepts it for non developed areas. Additionally, the results show that innovating activity – both process and product – is a strong positive factor in firm’s survival, independently of the region firm is located. Journal of Economic Literature classification: L11; L25. |
| Date: | 2004–08 |
| URL: | http://d.repec.org/n?u=RePEc:wiw:wiwrsa:ersa04p20&r=tid |
| By: | George Korres; Emmanuel Marmaras; George Tsobanoglou |
| Abstract: | The importance of diffusion of technology for economic growth has been emphasised by economic literature. Much of the recent work on economic growth can be viewed as refining the basic economic insights of classical economists. The recent debate on the determinants of output growth has concentrated mainly on the role of knowledge, typically produced by a specific sector of the economy, and furthermore in the role of entrepreneurship and the implications on economic growth. This paper attempts to examine the role of entrepreneurship, and those of innovation activities (technical change, research and development and diffusion of technology) and the effects of output growth, according to the Schumpeterian lines. Following on the Schumpeterian tradition, this paper starts from the recognition that there are two main patterns of innovations: the first one is the creative destruction pattern and the second one is a creative accumulation pattern. Also, it emphasizes the role of entrepreneurship and the impact of the diffusion of technology in the inter-country and international economic contexts using some of the empirical implementation of epidemic, probit analysis and moreover from technological substitution models. Key Words: Entrepreneurship, Innovation Activities, Diffusion, Modernization, Competitiveness, Schumperer. |
| Date: | 2004–08 |
| URL: | http://d.repec.org/n?u=RePEc:wiw:wiwrsa:ersa04p169&r=tid |
| By: | Aurora Amélia Castro Teixeira; Pedro Cosme Vieira |
| Abstract: | A study focusing Portuguese textile firms dynamics during the eighties and nineties (Teixeira, 2002; Teixeira and Vieira, 2004) demonstrated that plants which tended to hire workers with higher levels of human capital (education) were those that, on average, presented a lower probability of survival. Macro-level evidence on the relation between human capital, per capita income and productivity seems to be at odds with the micro evidence reported. Specifically, at the economy level the bulk of studies found a positive relation between human capital accumulation and productivity dynamics (Michie et al, 2002; Teixeira and Fortuna, 2003; Maudos et al, 2003) which, at first glance, seems hard to match with the micro-level evidence suggesting that the accumulation of human capital is associated with higher failure rates on firm’s behalf. The potential explanation for this may be related with the fact that firms can be positioned into one of the two possible states – low productivity and low risk or high productivity and high risk. In order for a low productivity-low risk firm to become high productivity-high risk firm it has to hire top educated workers. Successful high productivity-high risk firms, i.e, those that survive, are the ‘engine of growth’. This may explain that regions, which have higher levels of human capital, be those that, in the medium term, have higher levels of per capita income and higher firm failure rates. This association of higher per capita income/productivity levels and higher firm destruction rates translates the schumpeterian issue of creative destruction (Schumpeter, 1942). In the present paper we try to validate this theoretical explanation using empirical evidence at the regional level. Based on panel data relative to 27 Portuguese regions (NUTIII) over the period 1992-1999, we estimate an econometric model of the relation between human capital, firm productivity and firm failure rates. Estimation results suggest important policy implications, namely that policy measures involving schooling incentives, i.e., human capital supply side focused policies, should be replaced by more human capital demand side focused policies aiming to easy bankruptcy processes. Keywords: Schooling, Productivity, Firm Survival, Regions |
| Date: | 2004–08 |
| URL: | http://d.repec.org/n?u=RePEc:wiw:wiwrsa:ersa04p134&r=tid |
| By: | Zoltan Acs; Attila Varga |
| Abstract: | Technological change is a central element in macroeconomic growth explanation. Endogenous growth models take a revolutionary step towards better understanding the economic growth process by deriving technological change from profit-motivated individual behavior. In endogenous growth theory knowledge spillovers play a fundamental role in the determination of the rate of technological progress. As such the efficiency of transmitting knowledge into economic applications is a crucial factor in explaining macroeconomic growth. Endogenous growth models take this factor exogenous. We argue that variations across countries in entrepreneurship and the spatial structure of economic activities could potentially be the source of different efficiencies in knowledge spillovers and ultimately in economic growth. We develop an empirical model to test both the entrepreneurship and the geography effects on knowledge spillovers. To date the only international data that are collected on the basis of exactly the same principles in each country are the Global Entrepreneurship Monitor (GEM) data. We use the 2001 GEM cross-country data to measure the level of entrepreneurship in each particular economy. For this purpose we apply the TEA index developed within the framework of the GEM project and calculated for each country participating in this international research. Additionally, data on employment, production, patent applications, public and private R&D expenditures originating from different international and national sources are applied in the paper. |
| Date: | 2004–08 |
| URL: | http://d.repec.org/n?u=RePEc:wiw:wiwrsa:ersa04p516&r=tid |
| By: | Andreas Koch; Harald Strotmann |
| Abstract: | Knowledge intensive business service firms (KIBS) are an important element of modern economies and thus attracting increasing interest in scientific research. In the existing literature it is argued that due to the important role of knowledge, innovation and user-producer interaction in the KIBS sector, functional and regional integration are particularly decisive for the firms’ post-entry development. Nevertheless, few existing studies are dealing with questions of entrepreneurship in the KIBS sector using micro firm data. This contribution gives an empirical analysis of the determinants of post-entry performance of KIBS in three German metropolitan regions. Due to the lack of suitable firm micro data, telephone interviews with 547 firm founders have been conducted. By applying multivariate estimation methods it can be shown that functional linkages to knowledge providers, customers and co-operation partners indeed matter for the performance of young KIBS. Regarding regional integration, however, especially a high diversification of spatial reach is proved to be crucial. JEL-Classification: D21, J23, L80, O30 Keywords: Employment growth; Entrepreneurship; Entry; Innovation; Knowledge-intensive business services; Post-entry performance |
| Date: | 2004–08 |
| URL: | http://d.repec.org/n?u=RePEc:wiw:wiwrsa:ersa04p442&r=tid |
| By: | Franz Tödtling; Patrick Lehner; Michaela Trippl |
| Abstract: | Knowledge has become a key source of competitiveness for advanced regions and nations, indicating a transformation of capitalism towards “knowledge-driven economies“. Know ledge intensive sectors in production and in services have a lead in this respect, they can be considered as role models for the future. The innovation process, the mechanisms of knowledge exchange and the respective linkages in those industries differ quite markedly from those in other sectors. Clustering and local knowledge spillovers are frequently stated phenomena, although it is still unclear to what extent regional networks and collective learning are indeed relevant and what the mechanisms of knowledge flows are. The aim of the paper is to examine in a differentiated way the character of the innovation process and the ype of interactions in those industries, in order to find out how strongly they are related to regional, national and international innovation systems. We will analyse the relevant types of actors, the respective mechanisms of knowledge exchange and the importance of collective learning and innovation. The paper will discuss relevant theoretical concepts and available evidence and it will be based on an empirical analysis for Austria. The data base is a recent firm survey which was carried out in the year 2003. From this analysis conclusions regarding the role of regional and other innovation systems for the development of knowledge-based industries will be drawn. |
| Date: | 2004–08 |
| URL: | http://d.repec.org/n?u=RePEc:wiw:wiwrsa:ersa04p167&r=tid |
| By: | David Doloreux; Saeed Parto |
| Abstract: | In recent years, the concept of Regional Innovation Systems has evolved into a widely used analytical framework generating the empirical foundation for innovation policy making. Yet, the approaches utilizing this framework remain ambiguous on such key issues as the territorial dimension of innovation, e.g., the region, and the apparently important role played by “institutions” or the institutional context in the emergence and sustenance of regional innovation systems. This paper reviews and summarizes the most important ideas and arguments of the recent theorizing on regional innovation systems to provide the basis for a critical examination of such issues as (1) definition confusion and empirical validation; (2) the territorial dimension of regional innovation systems; and (3) the role of institutions. Key-words: Regional innovation systems, institutions, regions, research, policy JEL CODES: O31, R58 |
| Date: | 2004–08 |
| URL: | http://d.repec.org/n?u=RePEc:wiw:wiwrsa:ersa04p56&r=tid |
| By: | Sjoerd Beugelsdijk |
| Abstract: | This paper presents the results of an empirical study on the relationship between entrepreneurial culture, regional rates of innovation and regional economic growth. Recent literature mainly in regional science and economic geography has emphasized the role of an entrepreneurial culture in explaining the economic success of regions. Most of these contributions are however conceptual or case-based. Building on Leibenstein’s view of the entrepreneur as the ‘input completer’ and the Austrian school in which entrepreneurial activity is attributed a central role I hypothesize that regions which can be characterized as having an entrepreneurial culture are more innovative and grow faster. I use a standard economic growth model and test this hypothesis on a sample of 54 European regions. The results confirm the importance of an entrepreneurial culture. Keywords: entrepreneurship, culture, innovation, regional economic growth JEL code: Z1, R11 |
| Date: | 2004–08 |
| URL: | http://d.repec.org/n?u=RePEc:wiw:wiwrsa:ersa04p210&r=tid |
| By: | Rosina Moreno; Raffaele Paci; Stefano Usai |
| Abstract: | This paper investigates on the presence of innovation and production clusters in Europe. The analysis is based on an original statistical databank set up by CRENoS on regional patenting at the European Patent Office spanning from 1978 to 1997 and classified by ISIC sectors (3 digit) and on the Cambridge Econometrics database on production activity. We consider 138 regions of 17 countries in Europe, the 15 members of the European Union plus Switzerland and Norway. Firstly, an analysis of the spatial distribution of innovation and production activities in Europe is performed. Some global and local indicators for spatial association are presented, summarising the presence of a general dependence process in the distribution of the phenomena under examination. The analysis is implemented for different manufacturing macro-sectors to assess for the presence of significant differences in the their spatial features. Moreover, the extent and strength of spatial externalities are evaluated for three different periods: 1981-83, 1988-90 and 1995-97. Secondly, the spatial mapping of innovation is compared to the distribution of productive activity. Keywords: Innovation activity, Production specialisation, Spatial analysis, European regions. |
| Date: | 2004–08 |
| URL: | http://d.repec.org/n?u=RePEc:wiw:wiwrsa:ersa04p587&r=tid |
| By: | André Torre; Delphine Gallaud |
| Abstract: | The production of scientific and technological innovations has become essential for many firms, but the latter are seldom in possession of all the knowledge needed for this activity because of the increasing complexity of knowledge bases or because R&D departments are too small. As they do not possess internally all the skills they need, firms wishing to innovate have recourse to external sources, such as cooperation with other firms or public organizations of research. However, acquiring external knowledge is not sufficient; one must also be able to use it in a specific process of production, to transform it into organizational routines, because it is important not only to integrate this knowledge, but ideally to use it to produce new knowledge. This process of creation, re-creation or imitation of new resources not only necessitates several technical and organizational adaptations, but also requires frequent relations of cooperation and partnership. The integration of new knowledge cannot be done in one go, but progressively during the course of the innovation projects, which implies that relations be sustained for a period of time. But the interests of the participants to this interactive process, as well as their opinions concerning technical issues sometimes vary or diverge. This is why co-operations are also sources of tensions and conflicts that jeopardize the adaptation of knowledge produced somewhere else to the context of the firm or even completely hinder the innovation process. In this paper, we try to provide some answers to the following question: What is the role played by geographical and organized proximities in the context of these external acquisitions of knowledge? In other words, can they help reduce the intensity of conflicts and thus facilitate the interactive process of innovations? First, we present shortcomings of innovation theory and works on spillovers claiming the importance of geographical proximity for circulation of knowledge without considering organizational prerequisites to reach this impact. Having explained the relevance of permanent as well as temporary geographical proximity, we will then turn to a discussion of conflicts between cooperators within innovation processes from a theoretical as well as an empirical perspective. The empirical study is based on a case study of French biotechnology firms and will serve to prove our hypothesis that temporary geographical proximity play an important role in preventing and resolving conflicts between innovators. |
| Date: | 2004–08 |
| URL: | http://d.repec.org/n?u=RePEc:wiw:wiwrsa:ersa04p35&r=tid |
| By: | Alexander Eickelpasch; Michael Fritsch |
| Abstract: | The paper deals with a new approach in German innovation policy that organizes contests of initiatives for public funds. Based on an overview of the different programs we investigate the advantages and problems of such an approach. We find that this type of policy may have a large impact and can, therefore, be regarded a rather efficient instrument of innovation policy. Compared to conventional policies implementation is a much more critical issue. The contest approach may require more flexibility on the side of the administration, particularly with regard to the design of the assistance. The main disadvantage is the additional time that is required for conducting the contest. As a distinct “picking the winner” instrument it is not suited as a means for achieving a leveling-out of welfare levels. Keywords: Innovation policy, regional competition, innovation networks JEL-classification: H32, O18, O38, R11 |
| Date: | 2004–08 |
| URL: | http://d.repec.org/n?u=RePEc:wiw:wiwrsa:ersa04p376&r=tid |
| By: | Joana Almodovar; Aurora Amélia Castro Teixeira |
| Abstract: | Current research has revealed the existence of a relationship between networks and firm growth (Jarillo, 1989; Huggins, 2000). Nevertheless, network content and specificity and how these networks influence firm economic and financial performance has been little investigated. In addition, the influence of regions in relation to the spatial proximity on inter-firm networks should be an additional dimension taken into account if the determinants of firm performance are to be adequately understood. The most important linkages tend to be characterised by territorial closeness and have relevant effects over firm performance (Oerlemans and Meeus, 2002; Lechner and Dowling, 2003). Since automobile industry can be regarded as a worldwide cluster, where the evolution tendency on constructor’s behalf has been to gradually delegate technological competencies into industry suppliers, the regional networks acquire a renewed importance beyond the recognized benefits of sharing, interaction and reciprocity. Given that networks “do not happen in a virtual space where spatial proximity does not matter” (Lechner and Dowling, 2003: 9), the Portuguese inter-firm cooperation within the automotive industry can be regarded as a possible source of regional advantage for responding to globalisation competitive challenges. Thus, in this paper we explore how firms grow through the use of external linkages and become competitive, using case study material based on a Portuguese inter-firm network of the auto-parts industry (ACECIA) and one of its founding members, Simoldes. Using a set of performance indicators, we concluded that its positive evolution was contemporaneous and last beyond ACECIA´s constitution date. Moreover, evidence of possible leverage effects from the combined collaboration emerged indicating that the relation between networks and firm performance implies a two-way causality association. |
| Date: | 2004–08 |
| URL: | http://d.repec.org/n?u=RePEc:wiw:wiwrsa:ersa04p88&r=tid |
| By: | Michael Steiner |
| Abstract: | Clusters and networks have received renewed attention in recent years not only as a tool for regional development in general but as an institution of knowledge creation and diffusion between the knowledge infrastructure of a region and the firms within the clusters. They are therefore often regarded as geographically condensed forms of economic cooperation and knowledge exchange. The recent renaissance of interest in institutions as a factor shaping economic performance has therefore also implications for the creation and sustained existence of clusters and networks as a tool for knowledge management and as learning organisations within and across regions. This institutional perspective serves to identify additional factors influencing economic behaviour leading to cooperation. Different strands of institutional thinking –institutions as “social technologies” in the tradition of evolutionary economics, clusters as a form of Coase institution integrating positive external effects of technological knowledge, the importance of knowledge sharing in the context of the “New Institutional Economics” – emphasize that connectivity cannot be effectively coordinated by conventional markets. Clusters and networks are among the non-market devices by which firms seek to coordinate their activities with other firms and other knowledge-generating institutions. But it is also important to emphasize that clusters as coordinating institutions are not automatically just there but that they are the result of an evolving process shaped by policy activities and entrepreneurial behaviour responding to new challenges. Clusters as social technologies are co-evolving with new physical technologies and are therefore in constant need to change themselves. They can be regarded as an answer to the problems of achieving agreement and coordination in a context where there is a collective interest. They combine different additional elements that are important for regional development and economic growth. |
| Date: | 2004–08 |
| URL: | http://d.repec.org/n?u=RePEc:wiw:wiwrsa:ersa04p612&r=tid |
| By: | Aleid E. Brouwer |
| Abstract: | This paper investigates the tendency of older firms to show stickiness to their home-region or fixed location, with the increase of age (in years since founding), as found in earlier research. Empirical evidence supporting this argument is found from a telephone survey under the population of old firms in the Netherlands. In the current paper an analysis is done to determine which other firm characteristics -next to age in years-, influence this stickiness to place; such as innovative behaviour, network relationships, market, size (in number of employees), region and location type. This analysis is done on written questionnaires of 179 firms in the Netherlands, 37 of these firms are specifically labelled as ‘old firms’ (founded before 1851). Tested is whether inert behaviour, which according to the theory of structural inertia increases with age, also has an influence on the location of firms. Furthermore, the relationship between the spatial environment and other firm characteristics is investigated. |
| Date: | 2004–08 |
| URL: | http://d.repec.org/n?u=RePEc:wiw:wiwrsa:ersa04p165&r=tid |
| By: | Isabel Mota; António Brandão |
| Abstract: | This paper aims at explaining how proximity between firms affects cooperation in R&D. For that purpose, it is proposed a three-stage game amongst three firms where each firm decides about location, R&D and output. Firms’ decision about location determines a R&D spillover, which is inversely related to the distance between firms. R&D output is assumed to be cost reducing and exhibit diminishing returns. Cooperation is only allowed in the R&D stage. Our results allow us to conclude that there is a positive relationship between R&D output equilibrium and the distance between firms when firms act independently. When firms cooperate in R&D, R&D output for a cooperating firm increases with the degree of information sharing between them, as well as with a reduction of the distance between cooperating firms. Firms’ decision about location is also affected by R&D activities: if R&D activities run independently, the clustering of firms only occurs for a convex spillover function; if R&D activities run cooperatively, clustering is always observed if there is an increased information sharing between firms. Keywords: Location, R&D cooperation, R&D spillovers |
| Date: | 2004–08 |
| URL: | http://d.repec.org/n?u=RePEc:wiw:wiwrsa:ersa04p177&r=tid |
| By: | Tuuli Juurikkala; Olga Lazareva |
| Abstract: | In the planned economy firms were made responsible for providing their workers with social services, such as housing, day care and medical care. In the transforming Russia of the 1990s, social assets were to be transferred from industrial enterprises to the public sector. A law on divestment was put into force but it provided mostly general principles. Thus, for a period of several years, property rights over a major part of social assets, most notably housing, were not properly defined as the transfer decisions were largely left for the local level players to make. Strikingly, the time when assets were divested varied considerably across firms. In this paper we take a political economy approach and utilize recent survey data from 404 medium and large industrial enterprises in 40 Russian regions to study the effects different forms of bargaining between the firm and the municipality may have on the timing decisions. In particular, we apply survival data analysis to explore the determinants of the divestiture timing. Our results show that the firms which divested assets later receive more benefits from the local authorities, especially in places where there are more benefits to extract (i.e. the local budget is richer). Further, we find evidence that the firms which transferred assets later performed relatively worse in 2002 in terms of profitability, productivity and investments. Finally, the data shows that poorly defined property rights have an adverse effect on the incentives to invest in social assets, and hence on the quality of public service provision. |
| Date: | 2004–08 |
| URL: | http://d.repec.org/n?u=RePEc:wiw:wiwrsa:ersa04p637&r=tid |
| By: | Anna Dokukina |
| Abstract: | The range of up-to-date means to achieve success in business is rather extensive. The question is how to use them effectively taking into consideration conceptual changes in modern business strategies. Characteristics of development of the firm as a learning organization and crea-tion of corporate universities has been discussed during last decades by corporate and human resources managers, economic consultants and business education professionals. Most researchers emphasize the role of a corporate training system as an important competitive advantage in the dynamic conditions of modern business activity. Interest of Russian businessmen and economists to the new ways of solving managerial and production tasks has emerged quite recently. The pursuit of effective decision in management and production corresponding to the actual business strategies leads to the increase of significance of intellectual capital as a base of a system of com-petitive advantages of Russian enterprises. The current and planned research is devoted to the problem of pursuit and crea-tion of unique resources such as systems of corporate training and knowledge manage-ment which are main elements of strategic planning and management of a firm. The framework of research includes the following main points: · Analysis of the modern market development and related new business con-cepts. · The role of intellectual capital as an important part of a business life. · Dynamics of business environment and the necessity of learning organiza-tions’ creation and development. · Modern Corporate Universities as the most important institute of the enter-prise. · International and Russian tendencies in accumulation and application of intel-lectual capital and creation of Corporate Universities. The present article is dedicated to the consideration of the reasons and directions of conceptual changes in the business activity realization; to the problems of the devel-opment of business enterprise as learning organization and creation of the corporate universities; to the experience and tendencies of the concentration and realization of in-tellectual capital. Key words: entrepreneurship, economics of the firm, competition, intellectual capital, learning organization, knowledge management, corporate university. |
| Date: | 2004–08 |
| URL: | http://d.repec.org/n?u=RePEc:wiw:wiwrsa:ersa04p109&r=tid |
| By: | António Caleiro; Conceição Rego |
| Abstract: | As it is well known, universities constitute sources of important multiplier effects on the economic activity of the regions where they are located. Plainly, in the case of economically depressed regions, the importance of universities becomes higher. This is certainly the case with the University of Évora as being located in the Alentejo, one of the poorest regions at the European Union level, it have been contributing to the attraction of economic activity. Besides the direct effect on the economic activity of the Alentejo, the University of Évora also have been exerting demographic effects, on the one hand, by allowing people to become residents on the region and, on the other hand, by attracting students which normally become residents during the period of time required to conclude their academic degrees. The paper explores this last effect by the analysis of how and why the University of Évora is chosen by students coming from all over the country (and from abroad). This analysis, which is done through the use of econometric techniques, also indicates which are the decisive factors for the attraction exerted by the University of Évora, in general, and by its degree courses, in particular, on the candidate students. KEYWORDS: Decision Analysis, Discrete Choice Models, Portugal, Universities JEL CLASSIFICATION: C21, R12, R23 |
| Date: | 2004–08 |
| URL: | http://d.repec.org/n?u=RePEc:wiw:wiwrsa:ersa04p23&r=tid |
| By: | Ana Isabel Melo; Elizabeth Brito |
| Abstract: | In a context of globalization, competitiveness plays a prevailing role in the national, regional and local development, and depends progressively on companies’ dynamics. In order to overcome an increasingly aggressive competition, companies must anticipate the consumers’ preferences, rely on more innovative, first-rate products and know both their internal and external markets extremely well. In what concerns the metal furniture sector, new companies have been emerging and the existing ones have been expanding over the last few years in the “Distrito” of Aveiro. This sector has revealed a considerable competitive behaviour by creating job opportunities in this region and essentially by showing creativity and the will to innovate. Moreover, these companies are reaching international markets. Thus, the purpose of this study is to analyse the dynamics and competitiveness of this sector. |
| Date: | 2004–08 |
| URL: | http://d.repec.org/n?u=RePEc:wiw:wiwrsa:ersa04p403&r=tid |