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.
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References listed on IDEAS
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- Markus Balzat & Andreas Pyka, 2005. "Mapping National Innovation Systems in the OECD Area," Discussion Paper Series 279, Universitaet Augsburg, Institute for Economics.
- Horst Hanusch & Andreas Pyka, 2005.
"Principles of Neo-Schumpeterian Economics,"
Discussion Paper Series
278, Universitaet Augsburg, Institute for Economics.
- Phillip Arestis & Michelle Baddeley & John S.L. McCombie (ed.), 2007. "Economic Growth," Books, Edward Elgar Publishing, number 3958, March.
- 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.
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