This paper extends the Schumpeterian model of creative destruction by allowing followers' cost of innovation to …

inequality are characterized by dynamism-a drive toward sophisticated export industries, innovation, and creative destruction and …

traces the sources of TFP growth in the UK over the last two decades through the lens of a structural model of innovation …, using registry data on the universe of firms. The dominant innovation source in the pre-GFC decade were improvements by … recovery, survey data suggests that creative destruction (i.e., innovation replacing other firms' products) is expected to gain …

varieties of goods and services and do not account for firms' entry in the product market. In this paper we revisit the …