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Learning and the sources of corporate growth

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  • Paul Geroski
  • Mariana Mazzucato

Abstract

This paper explores the link between learning and corporate growth by developing different models of learning and showing that they produce observably different models of corporate growth. Using data on the growth of a number of firms in the US automobile industry during the 20th century, we compare these different models of growth in an effort to identify the major sources of learning which these firms seem to have relied on. Although there are interesting differences between growth processes before and after the Second World War, the basic conclusion that we are drawn to is that learning in this sector is largely unsystematic and opportunistic. Copyright 2002, Oxford University Press.

Suggested Citation

  • Paul Geroski & Mariana Mazzucato, 2002. "Learning and the sources of corporate growth," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 11(4), pages 623-644, August.
    • Handle: RePEc:oup:indcch:v:11:y:2002:i:4:p:623-644
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    JEL classification:

    • L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance
    • L3 - Industrial Organization - - Nonprofit Organizations and Public Enterprise

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