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Tracing Empirical Trails of Schumpeterian Development

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  • Michael Peneder

Abstract

Schumpeterian development is characterised by the simultaneous interplay of growth and qualitative transformations of the economic system. At the sectoral level, such qualitative transformations become manifest as variations in the sectoral composition of production. Following the implementation of Harberger's method of visualising the impact of differential productivity growth, dynamic panel estimations are applied to a standard growth model modified to include specific structural variables for both the manufacturing and the services sectors. Covering 28 countries over the period between 1990 and 2000, the results give empirical substance to the evolutionary emphasis on Schumpeterian development as opposed to mere aggregate growth.

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Bibliographic Info

Paper provided by Philipps University Marburg, Department of Geography in its series Papers on Economics and Evolution with number 2004-09.

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Length: 21 pages
Date of creation: May 2004
Date of revision:
Handle: RePEc:esi:evopap:2004-09

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Keywords: Structural change; economic growth; Schumpeterian development; evolutionary economics;

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References

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Citations

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Cited by:
  1. Mario Cimoli & Wellington Pereira & Gabriel Porcile & Fábio Scatolin, 2011. "Structural change, technology, and economic growth: Brazil and the CIBS in a comparative perspective," Economic Change and Restructuring, Springer, Springer, vol. 44(1), pages 25-47, April.
  2. Cimoli, Mario & Porcile, Gabriel & Primi, Annalisa & Vergara, Sebastián & Brito, Marcio Holland de, 2010. "Growth, structural change and technological capabilities Latin America in a comparative perspective," Textos para discussão, Escola de Economia de São Paulo, Getulio Vargas Foundation (Brazil) 212, Escola de Economia de São Paulo, Getulio Vargas Foundation (Brazil).
  3. Cimoli, Mario & Pereira, Wellington & Porcile, Gabriel & Scatolin, Fabio, 2008. "Structural Change, Technology, and Economic Growth: Brazil and the CIBS in a Comparative Perspective," Working Paper Series, World Institute for Development Economic Research (UNU-WIDER) UNU-WIDER Research Paper , World Institute for Development Economic Research (UNU-WIDER).
  4. Kurt Dopfer, 2012. "The origins of meso economics," Journal of Evolutionary Economics, Springer, Springer, vol. 22(1), pages 133-160, January.
  5. repec:ebl:ecbull:v:15:y:2006:i:7:p:1-8 is not listed on IDEAS
  6. Werner Hölzl & Andreas Reinstaller, 2005. "Sectoral and Aggregate Technology Shocks:Is There a Relationship?," Empirica, Springer, Springer, vol. 32(1), pages 45-72, 03.

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