Construct · 1 fields · 1 citations

Schumpeterian growth model: a standalone construct

One name. One construct. A landmark on the map.

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Schumpeteriangrowth model1 CONSTRUCTSchumpeterian growthAGHION · ECONOMIC GROWTH

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Economic growth

a model in which growth comes from quality-improving innovations that make previous technologies obsolete, driven by temporary monopoly rents.

In economic growth, Schumpeterian growth model refers to a model in which growth comes from quality-improving innovations that make previous technologies obsolete, driven by temporary monopoly rents. This meaning comes from Aghion (1992) in Econometrica.[1]

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Nearby constructs

creative destruction1 fields · 2 citationsanchor · a standalone constructgrowth4 fields · 4 citationsjingle · one word, four constructsmodel3 fields · 3 citationsjingle · one word, three constructs

References

  1. Aghion, P., & Howitt, P. (1992). A Model of Growth Through Creative Destruction. Econometrica, 60(2), 323. https://doi.org/10.2307/2951599

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