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Competitive dynamics and economic learning: an extended resource‐based view

Competitive dynamics and economic learning: an extended resource‐based view In this paper a conceptual framework for the analysis of economic learning is developed. Economic learning, by analogy with organizational learning, results in the development of economic competences, or capabilities, shared between firms, which rest on a foundation of economic resources, from which value is generated, and economic routines, through which resources are utilized. It is the mobility of resources, and their exchange and production dynamics, along evolutionary pathways, which underpins the plausibility of a notion of economic learning. The paper elaborates this framework as a ‘resource‐based view’ (RBV) of the economy as a whole, as an extension of the RBV of the firm. Such a framework captures the dynamics of exchange and circulation of technologies, know‐how and intangible assets, as well as of tangible assets and capital goods; it is concerned with investment behavior by entrepreneurs rather than with the behavior of producers and consumers in goods and services markets. Within this resource economy framework, it is possible to generate an account of the resource dynamics that underpin production of goods and services—including resource propagation, diffusion, imitation, replication and recombination. These processes encompass evolutionary pressures, experienced through resource variation, selection and retention. Entrepreneurial initiatives take the form of resource recombinations, while resource innovation captures the creation of new economic resources, such as technological standards. Such a perspective brings into focus the resource specialization and configurations that drive real economies, within firms and between firms, that translates into enhanced or diminished performance of the economy as a whole. Copyright Oxford University Press 2003 « Previous | Next Article » Table of Contents This Article ICC (2003) 12 (1): 115-145. doi: 10.1093/icc/12.1.115 » Abstract Free Full Text (PDF) Free Classifications Article Services Article metrics Alert me when cited Alert me if corrected Find similar articles Similar articles in Web of Science Add to my archive Download citation Request Permissions Citing Articles Load citing article information Citing articles via CrossRef Citing articles via Scopus Citing articles via Web of Science Citing articles via Google Scholar Google Scholar Articles by Mathews, J. A. Search for related content Related Content D83 - Search; Learning; Information and Knowledge; Communication; Belief M13 - New Firms; Startups O30 - General Load related web page information Share Email this article CiteULike Delicious Facebook Google+ Mendeley Twitter What's this? Search this journal: Advanced » Current Issue October 2015 24 (5) Alert me to new issues The Journal About this journal Rights & Permissions Dispatch date of the next issue We are mobile – find out more This journal is a member of the Committee on Publication Ethics (COPE) Journals Career Network Impact factor: 1.260 5-Yr impact factor: 2.183 Editors Glenn Carroll Giovanni Dosi Daniel Levinthal Franco Malerba Paul Nightingale David Teece Fredrik Tell Stefano Brusoni Managing Editor J Chytry, USA View full editorial board For Authors Information for authors Online submission instructions Submit online now! Self archiving policy Alerting Services Email table of contents Email Advance Access CiteTrack XML RSS feed Corporate Services Advertising sales Reprints Supplements var taxonomies = ("AHU01140", "SOC00130", "SOC00290", "SOC00840", "SOC01280"); Most Most Read Entrepreneurship, institutions, and economic dynamism: lessons from a comparison of the United States and Sweden The role of the business model in capturing value from innovation: evidence from Xerox Corporation's technology spin-off companies Institutions and venture capital Business model configurations and performance: A qualitative comparative analysis in Formula One racing, 2005-2013 Who promotes more innovations? Inside versus outside hired CEOs » View all Most Read articles Most Cited The birth of capabilities: market entry and the importance of pre-history Regional Innovation Systems, Clusters, and the Knowledge Economy The capabilities of new firms and the evolution of the US automobile industry Towards a Knowledge-based Theory of the Geographical Cluster Modular production networks: a new American model of industrial organization » View all Most Cited articles Disclaimer: Please note that abstracts for content published before 1996 were created through digital scanning and may therefore not exactly replicate the text of the original print issues. All efforts have been made to ensure accuracy, but the Publisher will not be held responsible for any remaining inaccuracies. If you require any further clarification, please contact our Customer Services Department. Online ISSN 1464-3650 - Print ISSN 0960-6491 Copyright © 2015 Oxford University Press Oxford Journals Oxford University Press Site Map Privacy Policy Cookie Policy Legal Notices Frequently Asked Questions Other Oxford University Press sites: Oxford University Press Oxford Journals China Oxford Journals Japan Academic & Professional books Children's & Schools Books Dictionaries & Reference Dictionary of National Biography Digital Reference English Language Teaching Higher Education Textbooks International Education Unit Law Medicine Music Online Products & Publishing Oxford Bibliographies Online Oxford Dictionaries Online Oxford English Dictionary Oxford Language Dictionaries Online Oxford Scholarship Online Reference Rights and Permissions Resources for Retailers & Wholesalers Resources for the Healthcare Industry Very Short Introductions World's Classics function fnc_onDomLoaded() { var query_context = getQueryContext(); PF_initOIUnderbar(query_context,":QS:default","","JRN"); PF_insertOIUnderbar(0); }; if (window.addEventListener) { window.addEventListener('load', fnc_onDomLoaded, false); } else if (window.attachEvent) { window.attachEvent('onload', fnc_onDomLoaded); } var gaJsHost = (("https:" == document.location.protocol) ? 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Competitive dynamics and economic learning: an extended resource‐based view

John A. Mathews
Industrial and Corporate Change , Volume 12 (1) – Feb 1, 2003
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References (204)

Publisher
Oxford University Press
Copyright
Copyright © 2015 Oxford University Press
ISSN
0960-6491
eISSN
1464-3650
DOI
10.1093/icc/12.1.115
Publisher site
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Abstract

In this paper a conceptual framework for the analysis of economic learning is developed. Economic learning, by analogy with organizational learning, results in the development of economic competences, or capabilities, shared between firms, which rest on a foundation of economic resources, from which value is generated, and economic routines, through which resources are utilized. It is the mobility of resources, and their exchange and production dynamics, along evolutionary pathways, which underpins the plausibility of a notion of economic learning. The paper elaborates this framework as a ‘resource‐based view’ (RBV) of the economy as a whole, as an extension of the RBV of the firm. Such a framework captures the dynamics of exchange and circulation of technologies, know‐how and intangible assets, as well as of tangible assets and capital goods; it is concerned with investment behavior by entrepreneurs rather than with the behavior of producers and consumers in goods and services markets. Within this resource economy framework, it is possible to generate an account of the resource dynamics that underpin production of goods and services—including resource propagation, diffusion, imitation, replication and recombination. These processes encompass evolutionary pressures, experienced through resource variation, selection and retention. Entrepreneurial initiatives take the form of resource recombinations, while resource innovation captures the creation of new economic resources, such as technological standards. Such a perspective brings into focus the resource specialization and configurations that drive real economies, within firms and between firms, that translates into enhanced or diminished performance of the economy as a whole. Copyright Oxford University Press 2003 « Previous | Next Article » Table of Contents This Article ICC (2003) 12 (1): 115-145. doi: 10.1093/icc/12.1.115 » Abstract Free Full Text (PDF) Free Classifications Article Services Article metrics Alert me when cited Alert me if corrected Find similar articles Similar articles in Web of Science Add to my archive Download citation Request Permissions Citing Articles Load citing article information Citing articles via CrossRef Citing articles via Scopus Citing articles via Web of Science Citing articles via Google Scholar Google Scholar Articles by Mathews, J. A. Search for related content Related Content D83 - Search; Learning; Information and Knowledge; Communication; Belief M13 - New Firms; Startups O30 - General Load related web page information Share Email this article CiteULike Delicious Facebook Google+ Mendeley Twitter What's this? Search this journal: Advanced » Current Issue October 2015 24 (5) Alert me to new issues The Journal About this journal Rights & Permissions Dispatch date of the next issue We are mobile – find out more This journal is a member of the Committee on Publication Ethics (COPE) Journals Career Network Impact factor: 1.260 5-Yr impact factor: 2.183 Editors Glenn Carroll Giovanni Dosi Daniel Levinthal Franco Malerba Paul Nightingale David Teece Fredrik Tell Stefano Brusoni Managing Editor J Chytry, USA View full editorial board For Authors Information for authors Online submission instructions Submit online now! Self archiving policy Alerting Services Email table of contents Email Advance Access CiteTrack XML RSS feed Corporate Services Advertising sales Reprints Supplements var taxonomies = ("AHU01140", "SOC00130", "SOC00290", "SOC00840", "SOC01280"); Most Most Read Entrepreneurship, institutions, and economic dynamism: lessons from a comparison of the United States and Sweden The role of the business model in capturing value from innovation: evidence from Xerox Corporation's technology spin-off companies Institutions and venture capital Business model configurations and performance: A qualitative comparative analysis in Formula One racing, 2005-2013 Who promotes more innovations? Inside versus outside hired CEOs » View all Most Read articles Most Cited The birth of capabilities: market entry and the importance of pre-history Regional Innovation Systems, Clusters, and the Knowledge Economy The capabilities of new firms and the evolution of the US automobile industry Towards a Knowledge-based Theory of the Geographical Cluster Modular production networks: a new American model of industrial organization » View all Most Cited articles Disclaimer: Please note that abstracts for content published before 1996 were created through digital scanning and may therefore not exactly replicate the text of the original print issues. All efforts have been made to ensure accuracy, but the Publisher will not be held responsible for any remaining inaccuracies. If you require any further clarification, please contact our Customer Services Department. Online ISSN 1464-3650 - Print ISSN 0960-6491 Copyright © 2015 Oxford University Press Oxford Journals Oxford University Press Site Map Privacy Policy Cookie Policy Legal Notices Frequently Asked Questions Other Oxford University Press sites: Oxford University Press Oxford Journals China Oxford Journals Japan Academic & Professional books Children's & Schools Books Dictionaries & Reference Dictionary of National Biography Digital Reference English Language Teaching Higher Education Textbooks International Education Unit Law Medicine Music Online Products & Publishing Oxford Bibliographies Online Oxford Dictionaries Online Oxford English Dictionary Oxford Language Dictionaries Online Oxford Scholarship Online Reference Rights and Permissions Resources for Retailers & Wholesalers Resources for the Healthcare Industry Very Short Introductions World's Classics function fnc_onDomLoaded() { var query_context = getQueryContext(); PF_initOIUnderbar(query_context,":QS:default","","JRN"); PF_insertOIUnderbar(0); }; if (window.addEventListener) { window.addEventListener('load', fnc_onDomLoaded, false); } else if (window.attachEvent) { window.attachEvent('onload', fnc_onDomLoaded); } var gaJsHost = (("https:" == document.location.protocol) ? "https://ssl." : "http://www."); document.write(unescape("%3Cscript src='" + gaJsHost + "google-analytics.com/ga.js' type='text/javascript'%3E%3C/script%3E")); try { var pageTracker = _gat._getTracker("UA-189672-16"); pageTracker._setDomainName(".oxfordjournals.org"); pageTracker._trackPageview(); } catch(err) {}

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Industrial and Corporate Change – Oxford University Press

Published: Feb 1, 2003

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