New Directions in Schumpeterian Growth Theory

Abstract

Schumpeterian growth is a particular type of economic growth that is based on the endogenous introduction of new products and/or processes and is governed by the process of creative destruction described by Joseph Schumpeter (1942). This paper provides an exposition of the scale-effects property in the context of Schumpeterian growth models. In particular, the paper outlines the three distinct solutions to the scaleeffects problem, discusses their implications and offers an assessment of scale-invariant Schumpeterian growth models.

Cite this work

No public copy is stored for this record, so only the metadata is cited.

Stored only when both papers are in the corpus — 63 citations exist upstream.

Papers that cite the same references — the relational fallback while embeddings are still backfilling.