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About: Cyclical industrial dynamics     Goto   Sponge   NotDistinct   Permalink

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Type: yago:IndustrialProcess113497928yago:PhysicalEntity100001930yago:Process100029677yago:WikicatIndustrialProcessesbook New Facet based on Instances of this Class

Industrial dynamics is the study of the means and processes through which industries change over time, through their own processes of evolution – as first analyzed by Joseph Schumpeter. It is the complementary study to that of an industry’s comparative statics, which still dominates economic analysis. Industrial dynamics, as studied by scholars such as Carlsson and Eliasson, reveal the basic underlying forces driving industry evolution. Some industries, particularly those with rapid product turnover or high levels of capital expenditure, reveal special dynamics moving through intrinsic upturns and downturns that are not necessarily related to the wider economic fluctuations. These are known as cyclical industrial dynamics. They have recently come under investigation in the specialized lite