von Tunzelmann, Nick and Wang, Qing (2007) Capabilities and production theory. Structural Change and Economic Dynamics, 18 (2). pp. 192-211. doi:10.1016/j.strueco.2006.11.002 ISSN 0954-349X.

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Abstract

The paper draws on a specification by Sen to model consumer capabilities and welfare, and extends this to modelling capabilities of producers and other agents. ‘Dynamic interactive capabilities’ are the outcome of successful interaction between evolving consumer and/or supplier capabilities and evolving producer capabilities, all occurring in ‘real time’ to meet the needs of dynamic competition in Schumpeter's sense. This involves learning on each side, as well as interactive learning between them. The paper then investigates the direction of both product and process changes in producers, driven by demand as well as supply factors through historical time and during structural change. Some consideration is given as to why orthodox production theory should have failed to broach so many of the issues which appear to be driving dynamic capabilities and productivity change in historical practice. Paths for further development of the capabilities approach are suggested.

Item Type:	Journal Article
Divisions:	Faculty of Social Sciences > Warwick Business School > Marketing & Strategic Management Faculty of Social Sciences > Warwick Business School
Journal or Publication Title:	Structural Change and Economic Dynamics
Publisher:	Elsevier
ISSN:	0954-349X
Official Date:	2007
Dates:	Date Event 2007 Published
Volume:	18
Number:	2
Page Range:	pp. 192-211
DOI:	10.1016/j.strueco.2006.11.002
Status:	Peer Reviewed
Publication Status:	Published
Access rights to Published version:	Restricted or Subscription Access

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