The Theory of Growth in a Corporate Economy
The Theory of Growth in a Corporate Economy : Management Preference, Research and Development and Economic Growth by Hiroyuki Odagiri
English | 1981 | ISBN: 0521231329, 0138631182 | 234 Pages | PDF | 3 MB
English | 1981 | ISBN: 0521231329, 0138631182 | 234 Pages | PDF | 3 MB
This book investigates the growth of an economy with management-controlled corporations. It begins by studying the behaviour of a corporation whose management maximizes the rate of growth constrained by the threat of takeover, and in which research and development efforts are made to raise labour productivity. The growth of an economy consisting of a limited number of such corporations is then analysed.