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Tracing Empirical Trails of Schumpeterian Development

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  • Michael Peneder

    (WIFO)

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.

(This abstract was borrowed from another version of this item.)

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Bibliographic Info

Paper provided by WIFO in its series WIFO Working Papers with number 229.

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Length: 24 pages
Date of creation: 02 Sep 2004
Date of revision:
Handle: RePEc:wfo:wpaper:y:2004:i:229

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

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References

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  1. Bassanini, Andrea & Scarpetta, Stefano, 2002. "Does human capital matter for growth in OECD countries? A pooled mean-group approach," Economics Letters, Elsevier, vol. 74(3), pages 399-405, February.
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  18. Dinopoulos, Elias & Thompson, Peter, 1998. " Schumpeterian Growth without Scale Effects," Journal of Economic Growth, Springer, vol. 3(4), pages 313-35, December.
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Cited by:
  1. 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 212, Escola de Economia de São Paulo, Getulio Vargas Foundation (Brazil).
  2. Werner Hölzl & Andreas Reinstaller, 2004. "Sectoral and aggregate technology shocks: Is there a relationship?," Working Papers geewp38, Vienna University of Economics Research Group: Growth and Employment in Europe: Sustainability and Competitiveness.
  3. Kurt Dopfer, 2012. "The origins of meso economics," Journal of Evolutionary Economics, Springer, vol. 22(1), pages 133-160, January.
  4. repec:ebl:ecbull:v:15:y:2006:i:7:p:1-8 is not listed on IDEAS
  5. 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 UNU-WIDER Research Paper , World Institute for Development Economic Research (UNU-WIDER).
  6. 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, vol. 44(1), pages 25-47, April.

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