Schumpeterian growth theory - Revision history

Sebastian: Redirected page to Schumpeterian model

2018-05-07T19:53:03Z

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	~~The Schumpeterian growth theory (or Schumpeterian growth paradigm) is one of the two branches of [[innovation-based theory]] (the other being~~ [[~~product-variety model]]). The~~ Schumpeterian growth theory was developed by French economist [[w:Philippe Aghion\|Philippe Aghion]] and Peter Howitt (1992). it grew out of modern industrial organization theory. It focuses on quality-improving innovations that render old products obsolete and hence involves the force that Austrian-American economist Joseph Schumpeter called creative destruction.<ref>{{cite book\|last1=Aghion\|first1=Philippe\|last2=Howitt\|first2=Peter W.\|title=The Economics of Growth\|url=https://books.google.com.ar/books?id=B9vxCwAAQBAJ&pg=PA69&lpg=PA69&dq=%22Product-variety+model%22&source=bl&ots=9p-pGKlJ5J&sig=o2Nun5kFVLmW6zj1qzLXgw00PJ8&hl=en&sa=X&ved=0ahUKEwjss6H2kvTaAhVDvJAKHUP_CrI4ChDoAQg1MAI#v=onepage&q=%22Product-variety%20model%22&f=false}}</ref> The SGT models growth as resulting from innovations involving [[creative destruction]]~~.<ref>{{cite web\|title=The Schumpeterian Growth Paradigm\|url=https://www.annualreviews.org/doi/abs/10.1146/annurev-economics-080614-115412\|website=annualreviews.org\|accessdate=7 May 2018}}</ref>~~		#REDIRECT [[Schumpeterian model]]

	~~== Structure ==~~

	~~The Schumpeterian growth theory is underlined by three main assumptions:~~
	* Growth is primarily driven by technological innovations.
	* Innovations are produced by entrepreneurs who seek monopoly rents from them.
	* New technologies drive out old technologies.<ref>{{cite web\|title=The Schumpeterian Framework\|url=http://faculty.cas.usf.edu/jkwilde/macro208/ah2-schumpeterian.pdf\|website=faculty.cas.usf.edu\|accessdate=7 May 2018}}</ref>

	~~<math>~~
	~~Y_{it} = A_{it}^{1-α}~~
	~~</math>~~

	~~^{1-α} X_{it}^{α}, 0 <α< 1~~

	~~== See also ==~~

	~~== References ==~~

Sebastian: /* Structure */

2018-05-07T19:48:19Z

Structure

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	<math>		<math>
	Y_{it} = A_{it}		Y_{it} = A_{it}^{1-α}
	</math>		</math>

Sebastian: /* Structure */

2018-05-07T19:48:02Z

Structure

← Older revision		Revision as of 19:48, 7 May 2018
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	<math>		<math>
	Y_{it} = A_{it~~}^{1-α~~}		Y_{it} = A_{it}
	</math>		</math>

	X_{it}^{α}, 0 <α< 1		^{1-α} X_{it}^{α}, 0 <α< 1

	== See also ==		== See also ==

	== References ==		== References ==

Sebastian: /* Structure */

2018-05-07T19:47:14Z

Structure

← Older revision		Revision as of 19:47, 7 May 2018
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	<math>		<math>
	Y_{it} = A_{it}^{1-~~α}X_{it}^{~~α}		Y_{it} = A_{it}^{1-α}
	</math>		</math>

			X_{it}^{α}, 0 <α< 1

	== See also ==		== See also ==

	== References ==		== References ==

Sebastian: /* Structure */

2018-05-07T19:46:59Z

Structure

← Older revision		Revision as of 19:46, 7 May 2018
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	<math>		<math>
	Y_{it} = A_{it}^{1-α}*x_{it}^{α}		Y_{it} = A_{it}^{1-α}X_{it}^{α}
	</math>		</math>

Sebastian: /* Structure */

2018-05-07T19:46:39Z

Structure

← Older revision		Revision as of 19:46, 7 May 2018
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	<math>		<math>
	Y_{it} = A_{it}^{1-α}x_{it}^{α}		Y_{it} = A_{it}^{1-α}*x_{it}^{α}
	</math>		</math>

Sebastian: /* Structure */

2018-05-07T19:46:27Z

Structure

← Older revision		Revision as of 19:46, 7 May 2018
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	<math>		<math>
	Y_{it} = A_{it}^{1-α}x_{it}^{α}~~, 0 <α< 1~~		Y_{it} = A_{it}^{1-α}x_{it}^{α}
	</math>		</math>

Sebastian: /* Structure */

2018-05-07T19:46:18Z

Structure

← Older revision		Revision as of 19:46, 7 May 2018
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	<math>		<math>
	Y_{it} = A_{it}^{1-~~alpha~~}		Y_{it} = A_{it}^{1-α}x_{it}^{α}, 0 <α< 1
	</math>		</math>


	== See also ==		== See also ==

	== References ==		== References ==

Sebastian at 19:44, 7 May 2018

2018-05-07T19:44:41Z

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	* Innovations are produced by entrepreneurs who seek monopoly rents from them.		* Innovations are produced by entrepreneurs who seek monopoly rents from them.
	* New technologies drive out old technologies.<ref>{{cite web\|title=The Schumpeterian Framework\|url=http://faculty.cas.usf.edu/jkwilde/macro208/ah2-schumpeterian.pdf\|website=faculty.cas.usf.edu\|accessdate=7 May 2018}}</ref>		* New technologies drive out old technologies.<ref>{{cite web\|title=The Schumpeterian Framework\|url=http://faculty.cas.usf.edu/jkwilde/macro208/ah2-schumpeterian.pdf\|website=faculty.cas.usf.edu\|accessdate=7 May 2018}}</ref>

			<math>
			Y_{it} = A_{it}^{1-alpha}
			</math>


	== See also ==		== See also ==

	== References ==		== References ==

Sebastian: /* Structure */

2018-05-07T19:38:42Z

Structure

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	* Innovations are produced by entrepreneurs who seek monopoly rents from them.		* Innovations are produced by entrepreneurs who seek monopoly rents from them.
	* New technologies drive out old technologies.<ref>{{cite web\|title=The Schumpeterian Framework\|url=http://faculty.cas.usf.edu/jkwilde/macro208/ah2-schumpeterian.pdf\|website=faculty.cas.usf.edu\|accessdate=7 May 2018}}</ref>		* New technologies drive out old technologies.<ref>{{cite web\|title=The Schumpeterian Framework\|url=http://faculty.cas.usf.edu/jkwilde/macro208/ah2-schumpeterian.pdf\|website=faculty.cas.usf.edu\|accessdate=7 May 2018}}</ref>

	~~:<math>Yit=A^{1−α} it x^α it</math>, 0 <α< 1~~

	== See also ==		== See also ==

	== References ==		== References ==