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Applying Comprehensive Neo-Schumpeterian Economics to Latin American Economies

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Author Info

  • Hartmann, Dominik
  • Pyka, Andreas
  • Hanusch, Horst

Abstract

The paper develops a Comprehensive Neo-Schumpeterian theory of development allowing synthesizing the market-driven, the state-driven and the more recent knowledge-based approaches. The theoretical part of this paper identifies (i) freedom and social welfare, (ii) knowledge and innovations, and (iii) future-oriented economic structures as mutual interconnected and reinforcing objective classes of development. In the empirical part we reveal characteristic patterns and structural bottlenecks in the future-orientation of Latin American economies. While in some countries knowledge is the main bottleneck for future-oriented development, other countries suffer from inefficient economic structures or the exclusion of large parts of the population from economic life.

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File URL: http://www.sciencedirect.com/science/article/B6VFN-4XSJVKJ-1/2/a0234c34dd562c95a690e14fd43f5686
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Bibliographic Info

Article provided by Elsevier in its journal Structural Change and Economic Dynamics.

Volume (Year): 21 (2010)
Issue (Month): 1 (March)
Pages: 70-83

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Handle: RePEc:eee:streco:v:21:y:2010:i:1:p:70-83

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Web page: http://www.elsevier.com/locate/inca/525148

Related research

Keywords: Comprehensive Neo-Schumpeterian Economics Latin America Clusters Indicators;

References

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  1. Horst Hanusch & Andreas Pyka, 2007. "Principles of Neo-Schumpeterian Economics," Cambridge Journal of Economics, Oxford University Press, vol. 31(2), pages 275-289, March.
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Cited by:
  1. Hartmann, Dominik & Pyka, Andreas, 2013. "Innovation, economic diversification and human development," FZID Discussion Papers 65-2013, University of Hohenheim, Center for Research on Innovation and Services (FZID).

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