The New European Industrial Policy

Mosconi, Franco

doi:10.4324/9781315761756

Cited by 112 publications

(30 citation statements)

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“…In this paper, the focus was placed on oligopolistic industries with differentiated products and simultaneous price and quality competition. Such a business environment is not unique in market-based economies worldwide (Storper, 1985;Flath, 2012;Mosconi, 2015;Liu & Atuahene-Gima, 2018). For example, according to Flath (2012), such a business environment constitutes up to 50 per cent of industries in Japan.…”

Section: Discussionmentioning

confidence: 99%

COOPERATIVE AND NON-COOPERATIVE R&D IN PRODUCT INNOVATION AND FIRM PERFORMANCE

Karbowski

2019

Journal of Business Economics and Management

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The aim of this article is to investigate the impacts of cooperative and non-cooperative R&D strategies on product innovation and firm performance. Based on the industrial economics literature and the optimisation model, R&D competition, R&D cartelisation, and full industry cartelisation strategies of firms operating on a market with differentiated goods and simultaneous price and quality competition are considered. It is showed that R&D cartelisation entails a loss of firm’s product innovation compared with R&D competition. However, profit-maximising firms do not prefer the R&D competition strategy. They prefer to pursue either R&D cartelisation or full industry cartelisation strategies, depending on the elasticity of demand with respect to the firm’s investment in R&D. The social cost of R&D cartelisation is a loss of product innovation, and the social cost of full industry cartelisation is both the loss of product innovation and the loss of consumer surplus due to a relatively high price and low output of the final product. The latter results carry significant implications for the modern business and public policy.

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Section: Discussionmentioning

confidence: 99%

COOPERATIVE AND NON-COOPERATIVE R&D IN PRODUCT INNOVATION AND FIRM PERFORMANCE

Karbowski

2019

Journal of Business Economics and Management

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“…Industry 4.0 is used as a label for the adoption of advanced and potentially disruptive technologies, including, but not limited to, digitalization and artificial intelligence. The phenomenon of Industry 4.0 was first introduced in 2011 in Germany as a proposal for the development of a new concept of German economic policy based on high-tech strategies (Mosconi, 2015).…”

Section: New Technologies and Their Uses In The Insurance Sector 21mentioning

confidence: 99%

The Effects of New Technologies on the Insurance Sector: A Proposition for Underwriting Qualifications for the Future

Akkor¹,

Ozyuksel²

2020

EJBM

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The aim of this study is to offer a pioneering perspective on how new technologies may affect the core business functions in industries, while presenting an example through the lens of the relationship between the insurance sector and underwriting. Unless otherwise noted, the scope of the study is international. In this article, new technologies and their use in the insurance sector will be discussed and the effects of these technologies on the underwriting process will be examined. Also, the study will investigate the effects of the digital transformation on the insurance sector workforce, especially on underwriters while new technologies and their use and effects that insurance companies should consider in order to assess their current state and improve their underwriting capabilities as organizations. In this respect, industrial revolutions, industry 4.0 and its effects on the workforce, digital transformation and its implementations in the insurance sector are examined. Relevant competencies are identified and categorized based on the current challenges posed by new technologies. A comparative literature analysis was performed to identify the existing qualifications of a competitive insurance underwriter. The competencies and skills that make up these qualifications are determined and logically matched with the new competencies which are created by the nascent challenges of the new technologies. According to the results of this study, gaps between the extant competencies of workers as compared to evolving required qualifications are widening very fast, which indicates an urgent need for an increased level of education for the workforce. In addition, the particular competencies of an insurance underwriter that should be prioritized for development are revealed. Based on our investigation of the insurance industry; preparedness for both disruptive and transformative challenges, better talent training programs, and increased up skilling training activities in order to maintain competition and furthermore, focus on building differentiating capabilities are recommended.

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“…The new European industrial policy: Global competitiveness and the manufacturing renaissance (Mosconi, 2015) EU can ameliorate its competitiveness and technology policy based on its current overarching policy. Europe needs both a new industrial policy and manufacturing to promote the required structural changes by finding out the right equilibrium between state intervention and market forces.…”

Section: Best Practice Manufacture Asmentioning

confidence: 99%

Thoughts on Competitiveness and Integrated Industrial Policy: A Field of Mutual Convergences

Vlados

Chatzinikolaou

2020

RWE

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Competitiveness and industrial policy seem to play a critical role in the development and mutation of different spatialized socio-economic systems. This article aims to review the literature on these two concepts and suggest a novel theoretical framework. First, we identify that, in the relevant literature, industrial policy acquires progressively a repositioned content, described as a new, holistic, multidimensional, or integrated policy that can help create and sustain the competitiveness of the firms, industries, localities, nations, or other socio-economic agglomerations. In this context, we explore the form of an actual integrated industrial policy and propose the theoretical framework of the competitiveness web, in which the co-evolution of micro-meso-macro levels are explored, by placing the dynamics of business innovation at the dialectic center of the overall developmental process. This integrated industrial policy to strengthen competitiveness must also be able to promote innovation in the different local and regional ecosystems and, therefore, we conceive a policy mechanism in the form of the Institutes of Local Development and Innovation (ILDI). The primary purpose of these institutes is to diagnose and strengthen the Stra.Tech.Man physiology (strategy-technology-management synthesis) of the local socio-economic organizations. We believe that this new approach to the integrated industrial policy to strengthen the local competitiveness can contribute to facilitating the adaptation of the socio-economic systems, and especially the less dynamic and developed, to the new emerging challenges of the crisis and restructuring of globalization in the pandemic era.

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The New European Industrial Policy

Cited by 112 publications

References 0 publications

COOPERATIVE AND NON-COOPERATIVE R&D IN PRODUCT INNOVATION AND FIRM PERFORMANCE

COOPERATIVE AND NON-COOPERATIVE R&D IN PRODUCT INNOVATION AND FIRM PERFORMANCE

The Effects of New Technologies on the Insurance Sector: A Proposition for Underwriting Qualifications for the Future

Thoughts on Competitiveness and Integrated Industrial Policy: A Field of Mutual Convergences

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