State intervention in support of specific productive activities aiming to foster structural change (i.e., industrial policy) has been a controversial topic in both academic and political debates. In spite of many years of theoretical and empirical research, such debate has not reached definite conclusions. Recently, the debate on industrial policy has been experiencing a change of focus, falling away from the r...
In this paper we try to assess the direct impact of knowledge-based entrepreneurship (understood as the creation of new firms that intensively rely on more educated workers) on net changes in employment at both the economy and the industry levels. Based on a descriptive analysis, we show that new knowledge-based firms (KBF) differentiate themselves from other firms (new or not new) by having a positive direct c...
Industrial dynamics and labour mobility are two fields of economic research that have developed fast in recent years, but along what are essentially separate lines. This paper shows that the processes those two fields deal with can be highly interdependent, and demonstrates the usefulness of (and the opportunity for) an integrated approach to the dynamics of industries and labour mobility. It concludes with a l...
In this paper I present a model that was built in order to analyse the interdependencies between labour market dynamics and the evolution of industries’ structure. Being inspired by the case of consultancy services, the model integrates many of the features typically found in those industries. In particular, problems of incomplete information, the role of ‘brand effects’, and constraints in the supply of specia...
The paper discusses to what extent innovation is a crucial variable in explaining the success of NOVABASE, a Portuguese IT consultancy firm. In order to proceed with this discussion, the evolution of NOVABASE is described, emphasizing the most important steps in the firm’s trajectory, which are shown to result from the joint influences of upstream technological change, downstream market opportunities, and the f...
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