Authors
Philippe Aghion, Ufuk Akcigit, Peter Howitt
Publication date
2014
Book
Handbook of Economic Growth
Volume
2
Pages
515-563
Publisher
Elsevier
Description
Schumpeterian growth theory has operationalized Schumpeter’s notion of creative destruction by developing models based on this concept. These models shed light on several aspects of the growth process that could not be properly addressed by alternative theories. In this survey, we focus on four important aspects, namely: (i) the role of competition and market structure; (ii) firm dynamics; (iii) the relationship between growth and development with the notion of appropriate growth institutions; and (iv) the emergence and impact of long-term technological waves. In each case, Schumpeterian growth theory delivers predictions that distinguish it from other growth models and which can be tested using micro data.
Total citations
Scholar articles
P Aghion, U Akcigit, P Howitt - Handbook of economic growth, 2014
P Aghion - Appropriate growth policy: a unifying framework …, 1998
P Aghion, U Akcigit - NBER Working Paper
U Akcigit, P Howitt - Handbook of Economic Growth, 2014
P Aghion, U Akcigit, P Howitt - 2013
P Aghion, U Akcigit, P Howitt - NBER Working Paper, 2013
P Aghion, U Akcigit, P Howitt - 2014
P Aghion, U Akcigit, P Howitt - 2013
P Aghion - NBER Working Paper
P Aghion, U Akcigit, P Howitt - 2013
P Aghion, U Akcigit, P Howitt - 2013
P Aghion, U Akcigit - NBER working paper series, Working Paper