IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-1-349-26270-0_2.html
   My bibliography  Save this book chapter

A Schumpeterian Perspective on Growth and Competition

In: New Theories in Growth and Development

Author

Listed:
  • Philippe Aghion
  • Peter Howitt

Abstract

The revival of growth theory in the 1980s was originally stimulated by ‘technical progress within economics’— by the development of new tools for handling old ideas. The neoclassical models of the 1960s had already shown that growth in per capita income was sustainable only through the continual growth of technological knowledge. A so, it had long been understood that technological knowledge, like capital, grows only because people find it profitable to make it grow; research, development, study, experimentation and learning by doing all employ resources with alternative uses. The neoclassical model of Solow and Swan ignored these activities and treated technological growth as exogenous, not on grounds of realism but because there were no available techniques for incorporating them into standard economic analysis.

Suggested Citation

  • Philippe Aghion & Peter Howitt, 1998. "A Schumpeterian Perspective on Growth and Competition," Palgrave Macmillan Books, in: Fabrizio Coricelli & Massimo di Matteo & Frank Hahn (ed.), New Theories in Growth and Development, chapter 2, pages 9-49, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-26270-0_2
    DOI: 10.1007/978-1-349-26270-0_2
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Gupta, Kartick & Banerjee, Rajabrata & Onur, Ilke, 2017. "The effects of R&D and competition on firm value: International evidence," International Review of Economics & Finance, Elsevier, vol. 51(C), pages 391-404.
    2. repec:zbw:bofitp:2016_019 is not listed on IDEAS
    3. Blind, Knut, 2001. "The impacts of innovations and standards on trade of measurement and testing products: empirical results of Switzerland's bilateral trade flows with Germany, France and the UK," Information Economics and Policy, Elsevier, vol. 13(4), pages 439-460, December.
    4. Babar, Md. & Habib, Ahsan, 2021. "Product market competition in accounting, finance, and corporate governance: A review of the literature," International Review of Financial Analysis, Elsevier, vol. 73(C).
    5. He, Qing & Huang, Jiyuan & Li, Dongxu & Lu, Liping, 2016. "Banks as corporate monitors: Evidence from CEO turnovers in China," BOFIT Discussion Papers 19/2016, Bank of Finland, Institute for Economies in Transition.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-1-349-26270-0_2. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.