Toward a Theory of Industrial Development and Vertical Disintegration : The Case of the Semiconductor Industry
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概要
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The semiconductor industry has accomplished surprising growth, and its production basehas extended from the United States to Japan, Europe, and other Asian economies. One of thefactors of this phenomenon is the progress of vertical disintegration in the semiconductor industry.The boundaries of firms are discussed within a transaction cost framework. However, toidentify the process of long-term vertical disintegration at an industrial level, a dynamic theoryrather than a static theory is necessary.In this paper, the process of vertical disintegration in the semiconductor industry is explained,and then a consideration is made of a static theory versus a dynamic theory. A tentativeview of a dynamic theory of vertical disintegration is presented based on the case ofsemiconductor industry. Vertical disintegration of the semiconductor industry has strongly beenaffected by the frequency of technological innovation, the speed of market expansion, thedegree of competition, the existence of interface, and the amount of the transportation costs.When vertical disintegration is analyzed, it is necessary to take such factors into consideration.
- 城西大学の論文
- 2007-03-25