Applying Comprehensive Neo-Schumpeterian Economics to Latin American Economies
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.
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Phillip Arestis & Michelle Baddeley & John S.L. McCombie (ed.), 2007. "Economic Growth," Books, Edward Elgar, number 3958.
- Horst Hanusch & Andreas Pyka, 2005.
"Principles of Neo-Schumpeterian Economics,"
Discussion Paper Series
278, Universitaet Augsburg, Institute for Economics.
- 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.
- Markus Balzat & Andreas Pyka, 2005. "Mapping National Innovation Systems in the OECD Area," Discussion Paper Series 279, Universitaet Augsburg, Institute for Economics.
When requesting a correction, please mention this item's handle: RePEc:eee:streco:v:21:y:2010:i:1:p:70-83. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Zhang, Lei)
If references are entirely missing, you can add them using this form.