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 …

Green Innovations and CO2 in a Growth Perspective: A Neoclassical Model -- Innovation, Inequality and a Golden Rule for … optimum growth in China, the US and Europe. Innovation, foreign direct investment, trade and growth dynamics are key elements … model and discusses innovation in an enhanced Mundell-Fleming macro model. Moreover, for the first time it directly links a …

, Economic Complexity, and Economic Growth: Country Panel Analysis Using the US Patent Data -- Regulation and Product Innovation …This volume presents selected contributions from the 2018 conference of the International Schumpeter Society (ISS). The … topics innovation, catch-up, and sustainability. Innovation is driving catch-up processes and is the condition for a …