The Schumpeterian Growth Paradigm-Reference-Cited by-同舟云学术

The Schumpeterian Growth Paradigm

Published:2015-08-01 Issue:1 Volume:7 Page:557-575
ISSN:1941-1383
Container-title:Annual Review of Economics
language:en
Short-container-title:Annu. Rev. Econ.

Author:

Aghion Philippe¹,Akcigit Ufuk²,Howitt Peter³

Affiliation:

1. Department of Economics, Harvard University, Cambridge, Massachusetts 02138;

2. Department of Economics, University of Pennsylvania, Philadelphia, Pennsylvania 19104;

3. Department of Economics, Brown University, Providence, Rhode Island 02912;

Abstract

In this review, we argue that the Schumpeterian growth paradigm, which models growth as resulting from innovations involving creative destruction, sheds light on several aspects of the growth process that cannot be properly addressed by alternative theories. We focus on three important aspects for which Schumpeterian growth theory delivers predictions that distinguish it from other growth models, namely, (a) the role of competition and market structure, (b) firm dynamics, and (c) the relationship between growth and development.

Publisher

Annual Reviews

Subject

Economics and Econometrics

Link

https://www.annualreviews.org/doi/pdf/10.1146/annurev-economics-080614-115412

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