The Role of Commercialization Competence in Endogenous Economic Growth
- ERMES, Paris 2-University, France
- Royal Insrtitute of Technology (KTH) and the Ratio Institute, Sweden
- METU, Türkiye
Cite this article
as: G. Ballot, G. Eliasson, E. Taymaz; 2024; The Role of Commercialization Competence in Endogenous Economic Growth; International Journal of Microsimulation; 17(2); 297-323.
doi: 10.34196/ijm.00300
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Figures
Figure 1
Simulation Results (end of period average values for 50 runs).
Tables
Table 1
(A) The two types of economic mistakes. (B) Actors in the competence bloc.
| The two types of economic mistakes |
|---|
| Type I: Losers kept too long |
| Type II: Winners lost |
| Actors in the competence bloc |
| 1. Competent and active customers |
| Innovation Supply |
| 2. Innovators who integrate technologies in new ways |
| Markets for innovation and commercializing intermediaries |
| 3. Entrepreneurs who identify profitable innovations |
| 4. Competent venture capitalists who recognize and finance the entrepreneurs |
| 5. Exit markets that facilitate ownership change |
| 6. Industrialists who take successful innovations to industrial scale production |
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Source: Eliasson and Eliasson, 1996. ”The Biotechnological Competence Bloc”. Revue d’Economie Industrielle, 78-40, Trimestre.
Table 2
The four mechanisms of Schumpeterian creative destruction and economic growth.
| 1. | Entrepreneurial entry enforces (through competition) |
| 2. | Reorganization and/or |
| 3. | Rationalization or |
| 4. | Exit (shut down) of incumbent firms |
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Source: Eliasson (1995), “The Economics of Technical Change: The macroeconomic Consequences of Business Competence in an Experimentally Organized Economy”, Revue D’economie Industrielle: Developpements Recent, Numero Exceptionell, 1995:53-82.
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