Schumpeterian growth theory: Difference between revisions

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	~~The Schumpeterian growth theory is one of the two branches of~~ [[~~innovation-based theory]] (the other being [[product-variety~~ model]]). The Schumpeterian growth theory was developed by Aghion and 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 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>		#REDIRECT [[Schumpeterian model]]