IDEAS home Printed from https://ideas.repec.org/a/wsi/ijitmx/v02y2005i01ns0219877005000368.html
   My bibliography  Save this article

The Schumpeterian Structural Adjustment Of The Banking Industry: A Post Financial Crisis Analysis

Author

Listed:
  • JARUNEE WONGLIMPIYARAT

    (The Ministry of Science and Technology — The National Science and Technology Development Agency, 114 Thailand Science Park, Paholyothin Rd., Klong 1, Klong Luang, Pathumthani 12120, Thailand)

  • RACHANEE TRIPIPATKUL

    (Standard Chartered Nakornthon Bank, 90 North Sathorn Road, Bangrak, Bangkok 10500, Thailand)

Abstract

This paper discusses the economic growth and technological change of the Thai banking industry in relation to a post financial crisis, based on Schumpeter's economic development theory. It is argued that the structural changes of the Thai banking industry reflect Schumpeter's gales of creative destruction. The circumstance in which Thailand has to let the ailing banks and financial institutions go bankrupt and renew the process of growth through mergers and acquisitions represents an adjustment phase of an economy undergoing technological change. Using Porter's Competitive Forces Model, this paper aims to understand banks' pursuit of strategies to survive and increase competitiveness under the financial liberalization policies. The paper concludes with policy recommendations for the Thai banking industry to manage innovations under a competitive pressure after the financial crisis.

Suggested Citation

  • Jarunee Wonglimpiyarat & Rachanee Tripipatkul, 2005. "The Schumpeterian Structural Adjustment Of The Banking Industry: A Post Financial Crisis Analysis," International Journal of Innovation and Technology Management (IJITM), World Scientific Publishing Co. Pte. Ltd., vol. 2(01), pages 19-31.
  • Handle: RePEc:wsi:ijitmx:v:02:y:2005:i:01:n:s0219877005000368
    DOI: 10.1142/S0219877005000368
    as

    Download full text from publisher

    File URL: http://www.worldscientific.com/doi/abs/10.1142/S0219877005000368
    Download Restriction: Access to full text is restricted to subscribers

    File URL: https://libkey.io/10.1142/S0219877005000368?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Gerald Silverberg & Luc Soete (ed.), 1994. "The Economics Of Growth And Technical Change," Books, Edward Elgar Publishing, number 408.
    2. Chris Freeman & Luc Soete, 1997. "The Economics of Industrial Innovation, 3rd Edition," MIT Press Books, The MIT Press, edition 3, volume 1, number 0262061953, December.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Kuś Agnieszka, 2020. "The Importance of Innovation in the Development of Polish Business Gazelles," Journal of Management and Business Administration. Central Europe, Sciendo, vol. 28(1), pages 32-51, March.
    2. Dosi, Giovanni & Nelson, Richard R., 2010. "Technical Change and Industrial Dynamics as Evolutionary Processes," Handbook of the Economics of Innovation, in: Bronwyn H. Hall & Nathan Rosenberg (ed.), Handbook of the Economics of Innovation, edition 1, volume 1, chapter 0, pages 51-127, Elsevier.
    3. Eduardo da Motta e Albuquerque & Américo Tristão Bernardes, 2001. "Cross-over, thresholds, and interactions between science and technology: a tentative simplified model and initial notes about statistics from 120 countries," Textos para Discussão Cedeplar-UFMG td157, Cedeplar, Universidade Federal de Minas Gerais.
    4. Américo Tristão Bernardes & Ricardo Machado Ruiz & Leonardo Costa Ribeiro & Eduardo da Motta e Albuquerque, 2006. "Modeling economic growth fuelled by science and technology," Textos para Discussão Cedeplar-UFMG td294, Cedeplar, Universidade Federal de Minas Gerais.
    5. Foxon, T. J. & Gross, R. & Chase, A. & Howes, J. & Arnall, A. & Anderson, D., 2005. "UK innovation systems for new and renewable energy technologies: drivers, barriers and systems failures," Energy Policy, Elsevier, vol. 33(16), pages 2123-2137, November.
    6. Ziad Rotaba & Catherine Beaudry, 2012. "How Do High, Medium, And Low Tech Firms Innovate? A System Of Innovation (Si) Approach," International Journal of Innovation and Technology Management (IJITM), World Scientific Publishing Co. Pte. Ltd., vol. 9(05), pages 1-23.
    7. Cimoli, Mario & Primi, Annalisa & Rovira, Sebastián, 2011. "National innovation surveys in latin America: empirical evidence and policy implications," Documentos de Proyectos 3897, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    8. Petersen, Alexander M. & Rotolo, Daniele & Leydesdorff, Loet, 2016. "A triple helix model of medical innovation: Supply, demand, and technological capabilities in terms of Medical Subject Headings," Research Policy, Elsevier, vol. 45(3), pages 666-681.
    9. José Monteiro-Barata, 2005. "Innovation in the Portuguese Manufacturing Industry: Analysis of a Longitudinal Company Panel," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 11(3), pages 301-314, August.
    10. Mark Knell & Simone Vannuccini, 2022. "Tools and concepts for understanding disruptive technological change after Schumpeter," Jena Economics Research Papers 2022-005, Friedrich-Schiller-University Jena.
    11. Jacek Wysocki, 2021. "Innovative Green Initiatives in the Manufacturing SME Sector in Poland," Sustainability, MDPI, vol. 13(4), pages 1-19, February.
    12. Jan Fagerberg, 2003. "Schumpeter and the revival of evolutionary economics: an appraisal of the literature," Journal of Evolutionary Economics, Springer, vol. 13(2), pages 125-159, April.
    13. Jochen Streb, 1999. "How to Win Schumpeterian Competition: Technological Transfers in the German Plastics Industry from the 1930s to the 1970s," Working Papers 811, Economic Growth Center, Yale University.
    14. Jarunee Wonglimpiyarat, 2010. "Commercialization strategies of technology: lessons from Silicon Valley," The Journal of Technology Transfer, Springer, vol. 35(2), pages 225-236, April.
    15. Huy-Cuong Vo-Thai & Trinh-Hoang Hong-Hue & My-Linh Tran, 2021. "Technological- and Non-Technological Innovation During the Growth Phase of Industry Life Cycle: An Evidence From Vietnamese Manufacturing Enterprises," SAGE Open, , vol. 11(3), pages 21582440211, July.
    16. Marletto, Gerardo, 2011. "Structure, agency and change in the car regime. A review of the literature," European Transport \ Trasporti Europei, ISTIEE, Institute for the Study of Transport within the European Economic Integration, issue 47, pages 71-88.
    17. Gasperin, Simone, 2022. "Lessons from the past for 21st century systems of state-owned enterprises: The case of Italy's IRI in the 1930s," Structural Change and Economic Dynamics, Elsevier, vol. 62(C), pages 599-612.
    18. Andrea Vaona, 2016. "A nonparametric panel data approach to the cyclical dynamics of price-cost margins in the fourth Kondratieff wave," Eurasian Business Review, Springer;Eurasia Business and Economics Society, vol. 6(2), pages 155-170, August.
    19. Kalenjyan, S. (Календжян, Сергей) & Solntsev, V.I. (Солнцев, В.И.) & Vardapetyan, V.V. (Вардапетян, В.В.) & Gumilevskaya, Olga (Гумилевская, Ольга), 2016. "The Usage of Complex Strategic Planning, Management, Implementation of the Strategy, the Cluster Approach and Innovation as a Means to Improve the Effectiveness of Regional Development [On the Example," Working Papers 2863, Russian Presidential Academy of National Economy and Public Administration.
    20. John Britton, 2002. "Regional Implications of North American Integration: A Canadian Perspective on High Technology Manufacturing," Regional Studies, Taylor & Francis Journals, vol. 36(4), pages 359-374.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wsi:ijitmx:v:02:y:2005:i:01:n:s0219877005000368. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Tai Tone Lim (email available below). General contact details of provider: http://www.worldscinet.com/ijitm/ijitm.shtml .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.