The Schumpeterian shock at General Motors in the 1920’s
Journal of Entrepreneurship and Public Policy
ISSN: 2045-2101
Article publication date: 5 November 2018
Issue publication date: 5 November 2018
Abstract
Purpose
The purpose of this paper is to examine the link between Joseph Schumpeter’s economics and the rise of General Motors (GM).
Design/methodology/approach
The paper uses regression analysis and time series analysis of market synchronization.
Findings
There is a strong link between GM rise to dominance of the domestic automobile industry and nuanced features of Schumpeterian economics.
Research limitations/implications
The paper furthers the examination of the role of information economics on marketing channel performance.
Practical implications
Information helps in production decisions by synchronizing production with consumer demand.
Social implications
Economic efficiency enhances the human welfare for better forecasting, lower inventories and greater profits.
Originality/value
This topic has been explored before but methodology used in this paper is innovative. The paper uses Granger causality.
Keywords
Citation
Norton, S.W. (2018), "The Schumpeterian shock at General Motors in the 1920’s", Journal of Entrepreneurship and Public Policy, Vol. 7 No. 4, pp. 320-335. https://doi.org/10.1108/JEPP-D-18-00048
Publisher
:Emerald Publishing Limited
Copyright © 2018, Emerald Publishing Limited