Schumpeterian growth

Schumpeterian growth

Schumpeterian growth is an economic theory named after the 20th century Austrian economist Joseph Schumpeter. Unlike modern economic growth theories, his approach explains growth by innovation and entrepreneurial spirit.

Literature

* Philippe Aghion (2002) Schumpeterian Growth Theory and the Dynamics of Income Inequality Econometrica 70 (3), 855–882.


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