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Government And Firm Duopoly In Economic Growth

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  • Carol M Connell

Abstract

The Theory of the Growth of the Firm proposed a process theory of growth based on the pursuit of knowledge and unconstrained by government, hence applicable only to an economy where the corporation is the dominant form of industrial organization. In her subsequent studies of foreign direct investment by large firms in developing countries, Penrose considers government as an input to the growth process. This paper explores Penrose’s process theory of firm growth when government decisionmaking is an input to the process. The findings are based on content analysis of Penrose’s Theory of the Growth of the Firm, Large International Firm in Developing Countries, petroleum industry studies, and other writings from 1956 to 1973.

Suggested Citation

  • Carol M Connell, 2012. "Government And Firm Duopoly In Economic Growth," Global Journal of Business Research, The Institute for Business and Finance Research, vol. 6(4), pages 77-84.
    • Handle: RePEc:ibf:gjbres:v:6:y:2012:i:4:p:77-84
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    References listed on IDEAS

    as
    1. Peter J. Buckley & Mark Casson, 1991. "The Future of the Multinational Enterprise," Palgrave Macmillan Books, Palgrave Macmillan, edition 0, number 978-1-349-21204-0, October.
    2. Vernon, Raymond, 1970. "Foreign Enterprises and Developing Nations in the Raw Materials Industries," American Economic Review, American Economic Association, vol. 60(2), pages 122-126, May.
    3. Penrose, Edith, 1973. "International Patenting and the Less-Developed Countries," Economic Journal, Royal Economic Society, vol. 83(331), pages 768-786, September.
    4. Pitelis, Christos (ed.), 2002. "The Growth of the Firm: The Legacy of Edith Penrose," OUP Catalogue, Oxford University Press, number 9780199248520.
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    More about this item

    Keywords

    Economic Growth; Government; Firm Duopoly;
    All these keywords.

    JEL classification:

    • A1 - General Economics and Teaching - - General Economics
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O12 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development

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