|
|
| (15 intermediate revisions by the same user not shown) |
| Line 1: |
Line 1: |
| 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]] |
| | |
| | |
| == See also ==
| |
| | |
| == References ==
| |