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A Neo-Schumpeterian Approach towards Public Sector Economics



Innovation is the major driver of economic growth and development. To analyze innovation processes the restriction of a framework suited to the analysis of innovation towards the industrial sphere of an economy is not sufficient because of the important co-evolutionary dimensions of innovation. Instead, a comprehensive economic theoretical approach is needed which encompasses all spheres of economic life. This paper is filling this gap by introducing Comprehensive Neo-Schumpeterian Economics and the Neo-Schumpeterian approach towards public sector economics.

Suggested Citation

  • Horst Hanusch & Andreas Pyka & Florian Wackermann, 2009. "A Neo-Schumpeterian Approach towards Public Sector Economics," Discussion Paper Series 306, Universitaet Augsburg, Institute for Economics.
  • Handle: RePEc:aug:augsbe:0306

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    References listed on IDEAS

    1. Horst Hanusch & Andreas Pyka, 2006. "Manifesto for Comprehensive Neo-Schumpeterian Economics," Discussion Paper Series 289, Universitaet Augsburg, Institute for Economics.
    2. Y. C. Richard Wong, 1999. "Lessons from the Asian Financial Crisis," Cato Journal, Cato Journal, Cato Institute, vol. 18(3), pages 391-398, Winter.
    3. Markus Balzat & Andreas Pyka, 2005. "Mapping National Innovation Systems in the OECD Area," Discussion Paper Series 279, Universitaet Augsburg, Institute for Economics.
    4. Horst Hanusch & Andreas Pyka, 2007. "Principles of Neo-Schumpeterian Economics," Cambridge Journal of Economics, Oxford University Press, vol. 31(2), pages 275-289, March.
    5. Amable, Bruno, 2003. "The Diversity of Modern Capitalism," OUP Catalogue, Oxford University Press, number 9780199261147, June.
    6. Horst Hanusch & Florian Wackermann, 2009. "Global Financial Crisis: Causes and Lessons - A Neo-Schumpeterian perspective," Discussion Paper Series 303, Universitaet Augsburg, Institute for Economics.
    7. Pier Saviotti & Andreas Pyka, 2004. "Economic development by the creation of new sectors," Journal of Evolutionary Economics, Springer, vol. 14(1), pages 1-35, January.
    8. Romer, Paul M, 1987. "Growth Based on Increasing Returns Due to Specialization," American Economic Review, American Economic Association, vol. 77(2), pages 56-62, May.
    9. Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, vol. 22(1), pages 3-42, July.
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    More about this item


    innovation; uncertainty; public sector; co-evolution;

    JEL classification:

    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary
    • H11 - Public Economics - - Structure and Scope of Government - - - Structure and Scope of Government
    • L2 - Industrial Organization - - Firm Objectives, Organization, and Behavior
    • O20 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - General
    • P0 - Economic Systems - - General

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