DTA

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Tesi etd-10152023-171338

Type of thesis
Corso Ordinario Secondo Livello
Author
MANGONI, LORENZO
URN
etd-10152023-171338
Title
Small is beautiful? A new look at the industry structure and dynamics
Structure
Cl. Sc. Sociali - Scienze Economiche
Course
SCIENZE ECONOMICHE E MANAGERIALI - SCIENZE ECONOMICHE E MANAGERIALI
Committee
relatore Prof. CINQUINI, LINO
Relatore Prof. DOSI, GIOVANNI
Presidente Prof. IRALDO, FABIO
Membro Dott.ssa CANTARELLI, PAOLA
Membro Prof. TENUCCI, ANDREA
Membro Prof. TESTA, FRANCESCO
Membro Prof. MONETA, ALESSIO
Membro Prof. TURCHETTI, GIUSEPPE
Membro Prof.ssa VIRGILLITO, MARIA ENRICA
Keywords
  • Economies of scale
  • Evolutionary economics
  • Industry structure and dynamics
Exam session start date
27/11/2023;
Availability
parziale
Abstract
Dosi et al. (2012, 2019) observe a “neo-dualistic” tendency in the Italian manufacturing industry, involving the co-existence of a small group of dynamic firms with a bigger ensemble of much less technologically progressive ones. In this thesis, we explore the role of size-related economies of scale as determinants of productive efficiency and innovation. Are larger firms more productive? Do they exhibit higher productivity growth rates? And are they more<br>willing to innovate? We exploit the Orbis dataset (BvD) to study the heterogeneity of firm characteristics, scale advantages and industrial dynamics in 8 years of cross-sections.<br>Expanding the analysis at the sectoral level, significant heterogeneity in the degree<br>of scale advantages between sectors emerges. We try to capture such differences<br>by studying the influence of technological regimes and market concentration on the<br>comparative advantages of large firms for innovation. Furthermore, we explore the<br>determinants of industrial structures providing evidence that is in tune with an<br>evolutionary interpretation of the dynamics of industrial structures and their cross-sectional<br>variety. Industrial concentration is interpreted as the joint outcome of<br>industry-specific technological opportunities and economies of scale, with the former<br>that drives differential competitive advantages, while the latter much less.
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