Industrial dynamics and economic growth in health-care context. Evidence from selected OECD countries

Purpose The economic shock posed by the current COVID-19 outbreak brought out a worldwide public health emergency with a close relationship between the industrial marketing practices, the health level of society and its economic development. The purpose of this study is to analyse the industrial dynamics in health care and their impact on economic growth and health status. Design/methodology/approach To empirically investigate the relationship between growth and health, the authors use a data set drawn from 29 selected Organisation for Economic Co-operation and Development (OECD) countries over the period 2000 and 2019. Using panel regressions, the authors investigate the impact of the health-care industry measured in terms of health status, health expenditure, sales on pharmaceutical products, the number of persons working in health care and the coverage by private health insurances. Fixed effect and random effect regressions are used to estimate this model. Findings Overall, the results are suggestive of a nexus between the industrial marketing dynamics of health-care context and economic growth – both interacting and improving each other. As the quality of the health-care market enhances, the economy grows richer and the health status of the population improves considerably. Practical implications To support health-care markets in OECD countries, health policymakers need to formulate a long-term industrial health policy that addresses all the social and individual determinants of health. Originality/value To the best of the knowledge, this is the first study to provide a better understanding of the relationship between health-care industrial dynamics and economic growth in OECD countries along different dimensions.

Inclusive digital finance: the industry of equity crowdfunding

Nowadays equity crowdfunding plays an important role in the entrepreneurial finance markets. To better understand the functioning of the industry, it is important to consider the entire equity crowdfunding process and all the actors involved. Equity crowdfunding platforms match indeed the demand of capital from entrepreneurial ventures with the supply of capital by investors. This manuscript is a first step in this direction, by (1) comparing equity crowdfunding with traditional sources of entrepreneurial finance; (2) discussing the potential and the perils of equity crowdfunding for inclusivity and democratization; (3) highlighting the role of visual information in digital finance; and (4) providing first insights on the industrial dynamics in equity crowdfunding. The paper gives researchers and practitioners orientation about recent developments in equity crowdfunding literature and provides relevant research directions.

Regimes reloaded! A reappraisal of Schumpeterian patterns of innovation, 1977–2011

One of the most significant results of the empirical literature on innovation studies of the 1980s and 1990s was that innovation patterns were characterized by important inter-sectoral differences. This finding prompted a lively research agenda that: i) provided empirical characterizations of sectoral patterns of innovation by means of taxonomic exercises; ii) sought to interpret sectoral patterns of innovation as emerging properties of underlying selection and learning processes reflecting the structural properties of technical change at sectoral level (“technological regimes”). In this paper, we reconsider one of the landmark works on technological regimes (e.g., Breschi et al. 2000), reassess its findings, and perform a quasi-replication of their its exercise. Our conclusion is that the proposed distinction between Schumpeterian patterns of innovation (Mark I vs. Mark II) and their interpretation in terms of technological regimes has still the promise of yielding important insights concerning on the connection between inventive activities and industrial dynamics.

Industrial dynamics in conditions of digitalization of economy

This paper examines the impact of digitalization on the industry of Russian economy. The results of an analytical study of the impact of digitalization on the dynamics of manufacturing enterprises are presented. The target setting is focused on the analysis of industrial dynamics in the context of the digitalization of the economy and the identification of prerequisites for the formation of an intelligent infrastructure for technological development in industry. The relevance of the study is due to the need to modernize industrial enterprises in the digital economy by updating fixed assets and putting into operation new equipment and software products (Compass-3D, SolidWorks, Mathcad, etc.) in accordance with the pace of modern technologization

Industrial dynamics on the commodity frontier: Managing time, space and form in mining, tree plantations and intensive aquaculture

Research in political ecology and agrarian political economy has shown how commodity frontiers are constituted through the appropriation and transformation of nature. This work identifies two broad processes of socio-metabolism associated with commodity frontiers: the spatial extension of nature appropriation, via expanding territorial claims to the control and use of natural resources and associated acts of dispossession (commodity-widening); and the intensification of appropriation at existing sites, through socio-technical innovation and the growing capitalisation of production (commodity-deepening). While sympathetic, we have reservations about reducing frontier metabolism to either one or the other of these processes. We argue for more grounded examinations of how non-human nature is actively reconstituted at commodity frontiers, attuned to the diverse and specific ways in which socio-ecological processes are harnessed to dynamics of accumulation. To achieve this, we compare strategies of appropriation in three sectors often associated with the commodity frontier: gold mining, tree plantations and intensive aquaculture. In doing so, we bring research on capitalism as an ecological regime into conversation with work on the industrial dynamics of ‘nature-facing’ sectors. By harnessing the analytical categories of time, space and form adopted by research on industrial dynamics, we (i) show how strategies of commodity-widening and commodity-deepening are shaped in significant ways by the biophysical characteristics of these sectors; and (ii) identify a third strategy, beyond commodity-widening and commodity-deepening, that involves the active reconstitution of socio-ecological systems – we term this ‘commodity-transformation’.

The IT Industry and Employment in India: A Critical Reassessment

The Indian IT industry has been regarded as a success of neoliberal economic reforms, driven by private initiative and export-oriented growth. Accordingly, employees of the IT industry that are symbolic of the ‘new India’ are seen as the aspirational new middle class, ‘different’ from the traditional working class. This article critically examines these claims. Firstly, it is argued that the development of the IT industry should be situated in the context of the larger development of capitalism in India. Secondly, through an analysis of narratives from interviews with workers during a period of industrial restructuring due to geopolitical concerns and technological change, the article attempts to understand workers’ perceptions of industrial dynamics as well as possibilities of collective resistance against the logic of capital.