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Persistent link: https://www.econbiz.de/10014581236
We estimate a New-Neoclassical Synthesis model of the business cycle with two investment shocks. The first, an investment-specific technology shock, affects the transformation of consumption into investment goods and is identified with the relative price of investment. The second shock affects...
Persistent link: https://www.econbiz.de/10010283523
Joseph Schumpeter, particularly on Chapters 1-2 of his Theory of Economic Development. Schumpeterian analysis requires an …
Persistent link: https://www.econbiz.de/10010331098
1908 war der junge Schumpeter überzeugt, mit der persönlichen Energie, dem effort, eine soziologische Grundeigenschaft … vom 'Energieprinzip' mitstrukturierte Theorie vor. Mit der Zweitausgabe der Theorie bildete Schumpeter 1926 diesen Ansatz …In May 2009 Ulrich Hedtke presented a paper at the Schumpeter School Kolloquium dealing with Schumpeter's perception of …
Persistent link: https://www.econbiz.de/10010291109
The economic literature started to recognize the heterogeneity characterizing the nature of different technologies, introducing the concept of General Purpose Technologies. In this paper, we offer a new view of General Purpose Technologies, building on the historical as well as on the recent...
Persistent link: https://www.econbiz.de/10010291799
According to Schumpeter, the creative process of economic development can be divided into three distinguishable stages … of invention, innovation (commercialization) and imitation. We show why there is a rationale for the Schumpeterian … entrepreneur to also include the inventor in the innovation process. In addition, we provide a framework where the theories of …
Persistent link: https://www.econbiz.de/10010320081
Schumpeter's concept of creative destruction as the engine of capitalist development is well-known. However, that the … destructive part of creative destruction is a social cost and therefore biases our estimate of the impact of the innovation on NNP … the process of destruction. Consequently, the contribution of recent innovations to NNP and to welfare is likely biased …
Persistent link: https://www.econbiz.de/10010398601
This paper studies the implications of technical progress through investment-specific technical change in a business cycle model with search and matching frictions and endogenous job destruction. The interaction between the capital formation needed to reap the benefits of an investment-specific...
Persistent link: https://www.econbiz.de/10011506629
introducing ecological innovations to the economy. The original vision of the economic evolution determined by innovation was …Supporting ecological innovations and economic activities which lead to environmental protection is one of the … firstly presented by Joseph Schumpeter who identified essential innovative changes as well as indicated different mechanisms …
Persistent link: https://www.econbiz.de/10013288335
The accumulation of new technological capabilities is of high empirical relevance, both for the development of countries and the business success of firms. In this paper, we aim to delineate strategies how these processes of capability accumulation can be considered more accurately in...
Persistent link: https://www.econbiz.de/10012178989