TY - JOUR
T1 - The Resource-Advantage Theory of Competition
T2 - Toward Explaining Productivity and Economic Growth
AU - Hunt, Shelby D.
PY - 1995/12
Y1 - 1995/12
N2 - The major thesis of this article is that combining the resource-based theory of the firm with Austrian economics and heterogeneous demand theory provides the foundations for a new theory of competition, the resource-advantage theory. This new theory has macro and public policy implications. Specifically, when compared with neoclassical perfect competition theory, the resource-advantage theory better explains productivity and economic growth.
AB - The major thesis of this article is that combining the resource-based theory of the firm with Austrian economics and heterogeneous demand theory provides the foundations for a new theory of competition, the resource-advantage theory. This new theory has macro and public policy implications. Specifically, when compared with neoclassical perfect competition theory, the resource-advantage theory better explains productivity and economic growth.
UR - http://www.scopus.com/inward/record.url?scp=84970348515&partnerID=8YFLogxK
U2 - 10.1177/105649269500400403
DO - 10.1177/105649269500400403
M3 - Article
AN - SCOPUS:84970348515
VL - 4
SP - 317
EP - 332
JO - Journal of Management Inquiry
JF - Journal of Management Inquiry
SN - 1056-4926
IS - 4
ER -