scholarly journals Creative Destruction, Distance to Frontier, and Economic Development

2021 ◽  
Author(s):  
Michael Peters ◽  
Fabrizio Zilibotti
Keyword(s):  
Economic Development ◽  
Creative Destruction ◽  
Distance To Frontier

Anti-Ideology of Entrepreneurship as an Attribute of Entrepreneurial Projects

2020 ◽  
Vol 26 (8) ◽  
pp. 830-839
Author(s):  
E. Ya. Litau
Keyword(s):  
Economic Development ◽  
Economic Activity ◽  
Creative Destruction ◽  
Innovative Activity ◽  
Entrepreneurial Activity ◽  
Methodological Principle ◽  
Historical Period ◽  
Professional Literature ◽  
Efficient System ◽  
The Relationship

Aim. The presented study examines and develops theoretical and methodological foundations that make it possible to distinguish innovative entrepreneurship among other economic phenomena.Tasks. The author identifies the specific features of entrepreneurship and its qualitative differences from other types of economic activity aimed at obtaining benefits, specifies the relationship between creative destruction and economic development, determines the attributes of innovative entrepreneurship.Methods. This study uses systematic analysis of professional literature on entrepreneurship to highlight the main attributes of entrepreneurial activity. The methodology of dialectical contradiction in its original Hegelian interpretation plays an important role in elaborating and substantiating the definition of entrepreneurship. The author considers innovative activity as creation of new values, which, according to the logic of dialectical development, destroy the old ones, triggering the process of economic development.Results. An approach to understanding the phenomenon of entrepreneurship is proposed, making it possible to distinguish this type of activity as significantly different from other types of economic activity, which may be externally similar but have different content. During the development of this approach, the concept of “anti-ideology” of entrepreneurship is introduced, which reflects the essence of innovative activity as a process of creative destruction. The necessary and sufficient attributes of entrepreneurial innovation are identified, making it possible to reflect the meaning of this phenomenon and verify this complex defining structural element in the system of economic relations. The study substantiates that the level of anti-ideology and public benefit can be used as criteria for assessing the significance of an entrepreneurial idea. A progressive model of anti-idea realization (PMA) is proposed based on the methodological principle. It can be used to develop an efficient system for evaluating startups within the framework of venture capitalism.Conclusions. Specification of the relationship between creative destruction and economic development is crucial to understanding the importance of innovative entrepreneurship. Each historical period creates its own demand for a specific type of entrepreneurs. The principle of anti-ideology, which lies at the heart of the PMA model, is key in identifying competitive commercial ideas, making it possible to focus resources and attention on projects that can make a significant contribution to economic development.

scholarly journals Theory of Creative Destruction and Economic Development: a discussion from the perspective of entrepreneurship and sustainable development

2020 ◽  
Vol 7 (10) ◽  
pp. 391-399
Author(s):  
Lucia Marisy Souza Ribeiro de Oliveira ◽  
Luciana Souza de Oliveira ◽  
Monica Aparecida Tomé Pereira ◽  
Francisco Ricardo Duarte ◽  
Alan Francisco Carvalho Pereira ◽  
...  
Keyword(s):  
Sustainable Development ◽  
Economic Development ◽  
Creative Destruction

CEO Competitiveness: CEO Type vs. Economic Development of Nations

2005 ◽  
Vol 6 (1) ◽  
pp. 43-66
Author(s):  
Irene Il-Yun Suh ◽  
Dong-Sung Cho ◽  
Kwang-Soo Yi
Keyword(s):  
Economic Development ◽  
Qualitative Methods ◽  
Chief Executive Officer ◽  
Factor Model ◽  
Chief Executive ◽  
Creative Destruction ◽  
Development Stage ◽  
Country Group ◽  
Development Stages ◽  
The Future

This study reconsiders CEO (Chief Executive Officer) types by country in terms of competitiveness and also inquires CEO types and levels on each country group under categories regarding economic development stages, namely, Subject Dependent (SD), Environment Dependent (ED), Resource Dependent (RD), Mechanism Dependent (MD) and Creative Destruction (CD). To form variables for CEO types, s, e, r, M factors were utilized for competitive factors in the ?숹ine-factor??model, and the variables needed for the development stages in CEO types were formulated with these s, e, r, and M factors. Most of previous studies regarding the categorization of CEO types used qualitative methods, with their types being categorized under subjective standards. By contrast, this study is unique in the sense that it covers the overall CEO competitiveness of each country which inquires the demanded issues for CEOs reflected in each development stage, and thus, enlightens us on the efforts needed for the future.

Technological Change of the Innovation Payment System

2016 ◽  
Vol 13 (04) ◽  
pp. 1650014 ◽  
Author(s):  
Jarunee Wonglimpiyarat
Keyword(s):  
Economic Development ◽  
Technological Change ◽  
Paradigm Shift ◽  
Creative Destruction ◽  
Payment System ◽  
Electronic Money ◽  
Paradigmatic Shift ◽  
Digital Currency ◽  
Online Payment ◽  
S Curve

This paper explores the process of technological change in the payment system. In particular, the study aims to gain understanding if Bitcoin would bring about a paradigmatic shift toward a cashless society. The analysis is based on the technology S-curve and Schumpeter’s model of economic development. It is interesting to see that the swing of S-curves is not strong enough to cause a paradigm shift according to the Schumpeterian concept of creative destruction. The study also compares Bitcoin with PayPal, a similar digital currency and major online payment system, to gain insights of the new challenge toward a cashless economy. The parallel S-curve trajectories of electronic money innovations signify a move from a cash-based economy toward a less cash society.

scholarly journals When is the Spirit of Capitalism Effective for Economic Development?

2018 ◽  
Vol 10 (3) ◽  
pp. 70
Author(s):  
Shiro Kuwahara
Keyword(s):  
Growth Rate ◽  
Economic Development ◽  
Growth Model ◽  
Growth Analysis ◽  
Creative Destruction ◽  
Asset Accumulation ◽  
Ramsey Model ◽  
Two Factors ◽  
Spirit Of Capitalism

By incorporating endogenous innovation and wealth preference into the growth model, this paper aims to combine two important factors of economic development — “creative destruction,” as emphasized by Schumpeter (1912) and modelized by Aghion and Howitt (1992), and the “spirit of capitalism,” proposed by Weber (1905). Zou (1994) introduced this “spirit of capitalism” into the modern growth analysis by reinterpreting the Kurz (1968) model, wherein a preference on asset accumulation is introduced into the Ramsey model. By uniting these two factors, we obtain the result that this preference basically stimulates the long-term growth rate, and that it is effective when the economy has a too low innovation efficiency. However, the effect is small for an economy with a sufficiently high innovation efficiency.

Creative Destruction and Partial Obsolescence in American Economic Development

1959 ◽  
Vol 19 (3) ◽  
pp. 335-349 ◽  
Author(s):  
W. Paul Strassmann
Keyword(s):  
United States ◽  
Economic Development ◽  
Structural Change ◽  
The United States ◽  
Creative Destruction ◽  
Production Methods ◽  
The Face ◽  
The Way

With the growing emphasis on structural change and Schumpeterian innovation in economic development, the paradoxical concept “creative destruction” has come into wide use among economists and economic historians. It is an appealing concept because it recalls the death and birth cycles of nature and various tribal myths of gods shuttling between ferocity and compassion. But the concept has been applied to economic situations rather casually. This paper suggests that “creative destruction” is not an apt description of the way dominant production methods succeeded one another in the United States from 1850 to 1914, even though the term is applled to this era more than to any other. Data are presented to show that apparently obsolete methods survived and grew in the face of novel competition. An explanation of the staying power of partially outdated production methods is attempted.

scholarly journals TERRITORIAL TRANSFER OF KNOWLEDGE IN TERMS OF CREATIVE DESTRUCTION

2017 ◽  
Vol 50 (1) ◽  
pp. 269-287
Author(s):  
Robert Ciborowski
Keyword(s):  
Economic Development ◽  
Price Competition ◽  
Structural Changes ◽  
Regional Cooperation ◽  
Creative Destruction ◽  
Innovation Activity ◽  
Transfer Of Knowledge ◽  
Innovation Activities ◽  
Business Entities

Abstract ‘Creative destruction’ is one of the most important analytical tools, taking into consideration both the economic and sociological characteristics of capitalist society. According to Schumpeter, in the long term, evolution gives rise to economic development resulting from batches of innovative solutions, leading to improvements in the standard of living. The innovation activity of firms is based on supply-side factors, hence it is large enterprises that excel in innovation since they strive to achieve a monopoly market position and above-average profits. Schumpeter attempts to combine two elements: the spread of monopolies and the continuation of economic development, both occurring through innovation, which is far more important than price competition. The Schumpeterian ‘creative destruction’ permeates the main aspects of macroeconomic activity, not only in the long term, but also in the area of economic fluctuations, structural changes, or the functioning of markets. As a result, it becomes a factor determining changes in the economic order. The purpose of this paper is to analyse the role of territories in the process of creating and using knowledge and its impact on the economic efficiency of the companies which function within their boundaries. Regional cooperation increases the involvement of business entities in innovation activities, which translates into higher competitiveness of firms. Moreover, the awareness of the necessity of cooperation and use of innovation capital tends to grow.

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