• Pontus Braunerhjelm
Part of the Economics of Science, Technology and Innovation book series (ESTI, volume 20)


The main objective of this book has been to empirically trace the presence of certain key elements attributed to the “new economy”. In particular, we have tried to shed light on the role of knowledge accumulation, size and network—or cluster—production in the performance of firms, in view of the increased internationalization and technological progress that have characterized the last decades. To achieve this end, we conducted a number of empirical studies that analyze different aspects of these issues with a focus on firms1 profitability and international competitiveness. In addition, we compared the regulatory framework and cluster dynamics between the U.S.and Europe, with emphasis on Sweden. Finally, we examined how the prevalence of a support system of large and small firms in a region affect the locational decisions of multinational firms. The main results were summarized in the introduction. In the following section, we briefly recapitulate some of the findings and also discuss avenues for future research and the ensuing policy implications. Even though the analysis in the book primarily referred to data from Sweden, we believe that the results can be generalized to other countries and regions as well.


Small Firm Large Firm Venture Capital International Competitiveness Cluster Dynamic 
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  4. Kim, S., 1999, “Urban Development in the United States, 1690–1990”, NBER WP, No. 7120, May.Google Scholar
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Copyright information

© Springer Science+Business Media New York 2000

Authors and Affiliations

  • Pontus Braunerhjelm
    • 1
  1. 1.The Research Institute of Industrial Economics (IUI)StockholmSweden

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