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-Schumpeterian economics, namely, innovation and uncertainty. The authors demonstrate how neo-Schumpeterian economics is developing into a …pt. I. Industry and innovation -- pt. II. Finance in modern economics -- pt. III. The public sector and the future of …
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This paper extends the Schumpeterian model of creative destruction by allowing followers' cost of innovation to …
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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...
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