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The Shape of Things to Come

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Abstract

In the summer of 1999 two economists, David and Jürgen, were strolling along the lakeshore promenade of Lake Mendota, Madison, Wisconsin. It was a beautiful, serene summer evening. That past afternoon they had presented a paper at the Econometric Society Summer Meetings on the influence of industry knowledge conditions, firm size and ownership structures on innovation and investment. The topic had attracted some prominent scholars in the field who vividly discussed the paper and provided valuable comments. Walking at a leisurely place David and Jürgen were reflecting on the session and how to utilize the received feedback to improve their paper for submission (After many revisions this ESSM paper was published as Audretsch and Weigand (2005)).

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Notes

  1. 1.

    See e.g. Kurz and Salvadori (2003) for discussion.

  2. 2.

    Formally, ω_x = ∂Q/∂x x/Q is the output elasticity of the respective input factor, x = K, L.

  3. 3.

    See for overviews and discussions e.g. Maddison (1987), Griliches (1996), Barro (1999), or the contributions in Boianovsky and Hoover (2009).

  4. 4.

    It is not the place to review this literature. However, we at least want to mention some path-breaking work, such as Nelson and Winter (1982) in theory, Jewkes et al. (1969) in case study research, and Mansfield (1962, 1963) and Scherer (1965) in empirical testing.

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Author information

Authors and Affiliations

  1. WHU–Otto Beisheim School of Management, Vallendar and Düsseldorf, Düsseldorf, Germany

    Martin Prause & Jürgen Weigand

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  1. Martin Prause
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  2. Jürgen Weigand
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Correspondence to Martin Prause .

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Editors and Affiliations

  1. Business and Economics, Augsburg University, Augsburg, Bayern, Germany

    Erik E. Lehmann

  2. Wedgebrook Music Productions, Berlin, Germany

    Max Keilbach

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Prause, M., Weigand, J. (2019). The Shape of Things to Come. In: Lehmann, E., Keilbach, M. (eds) From Industrial Organization to Entrepreneurship. Springer, Cham. https://doi.org/10.1007/978-3-030-25237-3_12

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