Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Historic market cycles in the world automotive industry: Their explanation in the light of Hirschman's theory of industrial development and Gort and K

Historic market cycles in the world automotive industry: Their explanation in the light of Hirschman's theory of industrial development and Gort and K

Engelhard, Peter

Paperback

Business General

ISBN10: 3640486749
ISBN13: 9783640486748
Publisher: Grin Verlag
Published: Dec 4 2009
Pages: 28
Weight: 0.11
Height: 0.07 Width: 5.83 Depth: 8.27
Language: German
Wissenschaftlicher Aufsatz aus dem Jahr 2009 im Fachbereich BWL - Unternehmensforschung, Operations Research, Sprache: Deutsch, Abstract: The economic theory of industry lifecycles is a standard tool to explore the historic development of specific industries. Its basic idea is that an industry develops according to a typical, sequential pattern of emergence, rise, maturing and finally decay. This article compares conventional industry lifecycle theory as represented by the seminal approach of Gort and Klepper (Gort / Klepper 1982) with an alternative explanation of industry evolution, i.e. the application of Hirschman's theory of economic development (Hirschman 1958; Hirschman 1968) to specific industries. The world passenger car industry and its long-term history serve as the case of empiric reference. The analysis is non-technical and rests on a limited set of macroscopic parameters (number of manufacturers, market entry and exit, output) in the World's regions (Europe, the Americas, Asia including Oceania).

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