The Schumpeterian shock at General Motors in the 1920’s

The Schumpeterian shock at General Motors in the 1920’s PurposeThe purpose of this paper is to examine the link between Joseph Schumpeter’s economics and the rise of General Motors (GM).Design/methodology/approachThe paper uses regression analysis and time series analysis of market synchronization.FindingsThere is a strong link between GM rise to dominance of the domestic automobile industry and nuanced features of Schumpeterian economics.Research limitations/implicationsThe paper furthers the examination of the role of information economics on marketing channel performance.Practical implicationsInformation helps in production decisions by synchronizing production with consumer demand.Social implicationsEconomic efficiency enhances the human welfare for better forecasting, lower inventories and greater profits.Originality/valueThis topic has been explored before but methodology used in this paper is innovative. The paper uses Granger causality. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Enterpreneurship and Public Policy Emerald Publishing

The Schumpeterian shock at General Motors in the 1920’s

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Publisher
Emerald Publishing
Copyright
Copyright © Emerald Group Publishing Limited
ISSN
2045-2101
D.O.I.
10.1108/JEPP-D-18-00048
Publisher site
See Article on Publisher Site

Abstract

PurposeThe purpose of this paper is to examine the link between Joseph Schumpeter’s economics and the rise of General Motors (GM).Design/methodology/approachThe paper uses regression analysis and time series analysis of market synchronization.FindingsThere is a strong link between GM rise to dominance of the domestic automobile industry and nuanced features of Schumpeterian economics.Research limitations/implicationsThe paper furthers the examination of the role of information economics on marketing channel performance.Practical implicationsInformation helps in production decisions by synchronizing production with consumer demand.Social implicationsEconomic efficiency enhances the human welfare for better forecasting, lower inventories and greater profits.Originality/valueThis topic has been explored before but methodology used in this paper is innovative. The paper uses Granger causality.

Journal

Journal of Enterpreneurship and Public PolicyEmerald Publishing

Published: Dec 4, 2018

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