The observational implications of Schumpeterian growth theory

Philippe Aghion; Peter Howitt

doi:10.1007/bf01205492

The observational implications of Schumpeterian growth theory

Empirical Economics ◽

10.1007/bf01205492 ◽

1996 ◽

Vol 21 (1) ◽

pp. 13-25 ◽

Cited By ~ 7

Author(s):

Philippe Aghion ◽

Peter Howitt

Keyword(s):

Growth Theory ◽

Schumpeterian Growth ◽

Schumpeterian Growth Theory

New Directions in Schumpeterian Growth Theory

Elgar Companion to Neo-Schumpeterian Economics ◽

10.4337/9781847207012.00052 ◽

2013 ◽

Cited By ~ 10

Author(s):

E. Dinopoulos ◽

F. Sener

Keyword(s):

Growth Theory ◽

Schumpeterian Growth ◽

New Directions ◽

Schumpeterian Growth Theory

What Do We Learn From Schumpeterian Growth Theory?

10.3386/w18824 ◽

2013 ◽

Cited By ~ 65

Author(s):

Philippe Aghion ◽

Ufuk Akcigit ◽

Peter Howitt

Keyword(s):

Growth Theory ◽

Schumpeterian Growth ◽

Schumpeterian Growth Theory

Schumpeterian Growth Theory and the Dynamics of Income Inequality

Econometrica ◽

10.1111/1468-0262.00312 ◽

2002 ◽

Vol 70 (3) ◽

pp. 855-882 ◽

Cited By ~ 107

Author(s):

Philippe Aghion

Keyword(s):

Income Inequality ◽

Growth Theory ◽

Schumpeterian Growth ◽

Schumpeterian Growth Theory

R&D Policy and Schumpeterian Growth: Theory and Evidence

SSRN Electronic Journal ◽

10.2139/ssrn.2435112 ◽

2014 ◽

Author(s):

Antonio Minniti ◽

Francesco Venturini

Keyword(s):

Growth Theory ◽

Schumpeterian Growth ◽

Schumpeterian Growth Theory

The role of diminishing returns in neo-Schumpeterian growth theory

Economic Theory ◽

10.1007/s001990050224 ◽

1998 ◽

Vol 12 (2) ◽

pp. 335-347 ◽

Cited By ~ 2

Author(s):

Cindy Houser

Keyword(s):

Growth Theory ◽

Schumpeterian Growth ◽

Diminishing Returns ◽

Schumpeterian Growth Theory

Introduction: Italy’s Decline, the Existing Interpretations, and Our Hypothesis

10.1093/oso/9780198796992.003.0001 ◽

2018 ◽

Author(s):

Andrea Lorenzo Capussela

Keyword(s):

Institutional Reform ◽

Creative Destruction ◽

Growth Theory ◽

The Political ◽

Structural Reforms ◽

Economic Decline ◽

Schumpeterian Growth ◽

Proximate Causes ◽

Systemic Constraints ◽

Schumpeterian Growth Theory

This chapter summarizes the main analyses of Italy’s economic decline, discusses their limitations, and sketches the interpretation offered in this book. The discussion is set in the framework of Schumpeterian growth theory. It moves from the observation that during the 1980s Italy’s TFP performance began to diverge from that of its peers, andG that growth has been stagnant since the early 1990s. The existing interpretations identify the proximate causes of the country’s decline, not its deeper ones, nor do they satisfactorily explain why an unprecedented wave of structural reforms failed to reverse it. This chapter advances the hypothesis, explored in the book, that its deeper causes lie in the political economy of growth, for innovation and economic creative destruction can be hindered if political creative destruction is limited and the ensuing systemic constraints undermine institutional reform.

Lessons from Schumpeterian Growth Theory

The American Economic Review ◽

10.1257/aer.p20151067 ◽

2015 ◽

Vol 105 (5) ◽

pp. 94-99 ◽

Cited By ~ 32

Author(s):

Philippe Aghion ◽

Ufuk Akcigit ◽

Peter Howitt

Keyword(s):

Industrial Organization ◽

Size Distribution ◽

Firm Size ◽

Growth Process ◽

Firm Dynamics ◽

Growth Theory ◽

Micro Data ◽

Firm Size Distribution ◽

Schumpeterian Growth ◽

Schumpeterian Growth Theory

By operationalizing the notion of creative destruction, Schumpeterian growth theory generates distinctive predictions on important microeconomic aspects of the growth process (competition, firm dynamics, firm size distribution, cross-firm and cross-sector reallocation) which can be confronted using rich micro data. In this process the theory helps reconcile growth with industrial organization and development economics.