This paper looks at the linkages between growth and business cycles by bringing together two strands of literature. We … incorporate a quality ladders engine of growth into an otherwise standard real business cycle model. Our fundamental question is …, can Schumpeter’s creative destruction process which leads to technological improvement over time also generate realistic …

<Para ID="Par1">In contemporary research, it is common to measure growth-enhancing financial development by the volume … of credit as a ratio of the gross domestic product (GDP), an application of Schumpeter’s theory of credit and development …. Recently, researchers have been surprised to find a negative relation between this measure and economic growth. This paper has …

last few years, a growing number of books listed on Amazon. com reference Schumpeter in some way. As of May 3, 2007, Amazon … listed 8,086 books that in some way refer to Schumpeter. Of these, I currently have names and titles of 3,719 books in the … Schumpeter Amazon database. Of these, I have done content-analysis for 1,176 books that make reference to Schumpeter. The main …