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Concept
Giovanni Dosi
Summary
Giovanni Dosi is Professor of Economics and Director of the Institute of Economics at the Scuola Superiore Sant'Anna in Pisa. He is the Co-Director of the task forces “Industrial Policy” and “Intellectual Property” at the Initiative for Policy Dialogue at Columbia University. Dosi is Continental European Editor of Industrial and Corporate Change. Included in ISI Highly Cited Researchers.
His major research areas, where he is author and editor of several works, include economics of innovation and technological change, industrial organization and industrial dynamics, theory of the firm and corporate governance, evolutionary theory, economic growth and development.
A selection of his works has been published in two volumes: Innovation, Organization and Economic Dynamics. Selected Essays, Cheltenham, Edward Elgar, 2000; and Economic Organization, Industrial Dynamics and Development: Selected Essays, Cheltenham, Edward Elgar, 2012.
Giovanni Dosi's economic analysis is characterized by the contemporaneous attempt to (i) identify empirical regularities and (ii) provide micro-foundations consistent with such regularities. As such, his work is a mix of statistical investigations and theoretical efforts.
Throughout his work Dosi and his co-authors have identified some stylized facts as being especially relevant for economic analysis, among others:
S.F.1 Over the 19th-20th century technological innovation has proved to be the major contributor to the economic growth of countries, whose growth rates have however displayed an expanding variance.
S.F.2 The learning processes that firms undertake to carry out innovations are characterized by trials, errors and unexpected success.
S.F.3 Firms are highly heterogeneous in terms of sizes, productivities, and profitabilities. In particular, firm sizes display stationary skewed distributions, while productivities and profitabilities display stationary wide supports of their fat tailed distributions.
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