Applying Comprehensive Neo-Schumpeterian Economics to Latin American Economies
AbstractThe 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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Bibliographic InfoArticle provided by Elsevier in its journal Structural Change and Economic Dynamics.
Volume (Year): 21 (2010)
Issue (Month): 1 (March)
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Web page: http://www.elsevier.com/locate/inca/525148
Comprehensive Neo-Schumpeterian Economics Latin America Clusters Indicators;
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- Horst Hanusch & Andreas Pyka, 2005.
"Principles of Neo-Schumpeterian Economics,"
Discussion Paper Series
278, Universitaet Augsburg, Institute for Economics.
- 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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