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Tracing empirical trails of Schumpeterian development

In: Entrepreneurships, the New Economy and Public Policy

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  • Michael Peneder

    (Austrian Institute of Economic Research (WIFO))

Abstract

Schumpeterian development is characterized 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 visualizing 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.

Suggested Citation

  • Michael Peneder, 2005. "Tracing empirical trails of Schumpeterian development," Springer Books, in: Uwe Cantner & Elias Dinopoulos & Robert F. Lanzillotti (ed.), Entrepreneurships, the New Economy and Public Policy, pages 203-221, Springer.
  • Handle: RePEc:spr:sprchp:978-3-540-26994-6_12
    DOI: 10.1007/3-540-26994-0_12
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    1. repec:ebl:ecbull:v:15:y:2006:i:7:p:1-8 is not listed on IDEAS
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    3. Mario Cimoli & Marcio Holland & Gabriel Porcile & Annalisa Primi & Sebastiàn Vergara, 2006. "Growth, Structural Change and Technological Capabilities. Latin America in a Comparative Perspective," LEM Papers Series 2006/11, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
    4. Sandro Sapio & Andrea Roventini & Mauro Napoletano, 2006. "Modelling smooth and uneven cross-sectoral growth patterns: an identification problem," Economics Bulletin, AccessEcon, vol. 15(7), pages 1-8.
    5. 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.
    6. Kurt Dopfer, 2012. "The origins of meso economics," Journal of Evolutionary Economics, Springer, vol. 22(1), pages 133-160, January.

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    More about this item

    Keywords

    Structural change; economic growth; Schumpeterian development; evolutionary economics;
    All these keywords.

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models

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