Dudley, L.; Moenius, J. - Volkswirtschaft Abteilung, Fachbereich … - 2002
Two different approaches have been proposed to explain the rise and decline of industries. Schumpeter (1942/1947) argued that creative destruction was a necessary part of innovation. Rybczynski (1955) demonstrated in a two-factor model that an increase in one factor leads to a decrease in output...