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Chapter 2 Growth with Quality-Improving Innovations: An Integrated Framework

Aghion, Philippe; Howitt, Peter - 2005

In this chapter we argue that the endogenous growth model with quality-improving innovations provides a framework for analyzing the determinants of long-run growth and convergence that is versatile, simple and empirically useful. Versatile, as the same framework can be used to analyze how growth...

Persistent link: https://www.econbiz.de/10014023785

Chapter 1. What Do We Learn From Schumpeterian Growth Theory?

Aghion, Philippe; Akcigit, Ufuk; Howitt, Peter - 2014

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...

Persistent link: https://www.econbiz.de/10014025596

Growth and Development: A Schumpeterian Approach

Aghion, Philippe - In: Annals of Economics and Finance 5 (2004) 1, pp. 1-25

In this paper we present the so-called Schumpeterian approach to economic growth, in which growth is primarily driven by entrepreneurial innovations that are themselves influenced by the institutional environment. We argue that this more micro-founded approach both, questions the old divisions...

Persistent link: https://www.econbiz.de/10009150919

Innovation and Top Income Inequality

Aghion, Philippe - 2015

innovation. We first establish a positive and significant correlation between various measures of innovativeness and top income … in the top 1% income share between 1975 and 2010. Finally, we show that innovation does not increase broader measures of … inequality which do not focus on top incomes, and that innovation is positively correlated with social mobility, but less so in …

Persistent link: https://www.econbiz.de/10013021154

The middle-income trap from a Schumpeterian perspective

Aghion, Philippe; Bircan, Cagatay - 2017

We provide an outline for viewing the middle-income trap through the lens of the Schumpeterian growth paradigm, which places the notion of creative destruction at the center of economic growth. Economic growth and development come from the interplay between changes in economic structure and...

Persistent link: https://www.econbiz.de/10011723084