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Applying Comprehensive Neo-Schumpeterian Economics to Latin American Economies

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  • 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.

Suggested Citation

  • Hartmann, Dominik & Pyka, Andreas & Hanusch, Horst, 2010. "Applying Comprehensive Neo-Schumpeterian Economics to Latin American Economies," Structural Change and Economic Dynamics, Elsevier, vol. 21(1), pages 70-83, March.
  • Handle: RePEc:eee:streco:v:21:y:2010:i:1:p:70-83
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    References listed on IDEAS

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    1. Horst Hanusch & Andreas Pyka, 2006. "Applying a Comprehensive Neo-Schumpeterian Approach to Europe and its Lisbon Agenda," Discussion Paper Series 286, Universitaet Augsburg, Institute for Economics.
    2. Markus Balzat & Andreas Pyka, 2005. "Mapping National Innovation Systems in the OECD Area," Discussion Paper Series 279, Universitaet Augsburg, Institute for Economics.
    3. Horst Hanusch & Andreas Pyka, 2007. "Principles of Neo-Schumpeterian Economics," Cambridge Journal of Economics, Oxford University Press, vol. 31(2), pages 275-289, March.
    4. Phillip Arestis & Michelle Baddeley & John S.L. McCombie (ed.), 2007. "Economic Growth," Books, Edward Elgar Publishing, number 3958.
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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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