Stochastic Growth In Schumpeterian Dynamics
This paper discusses three key elements of stochastic growth in the Schumpeterian dynamics. These elements comprise the new entry of firms in an industry, the displacement of the old technology by the new and the nonlinear impact of learning by doing on the growth of innovating firms. Each of these elements has important implications for the new theory of endogenous growth.
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- Grossman, G.M. & Helpman, E., 1993.
"Endogenous, Innovation in the Theory of Growth,"
165, Princeton, Woodrow Wilson School - Public and International Affairs.
- Gene M. Grossman & Elhanan Helpman, 1993. "Endogenous Innovation in the Theory of Growth," NBER Working Papers 4527, National Bureau of Economic Research, Inc.
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- Thompson, Peter, 1996. "Technological Opportunity and the Growth of Knowledge: A Schumpeterian Approach to Measurement," Journal of Evolutionary Economics, Springer, vol. 6(1), pages 77-97, February.
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- Antonelli, Cristiano, 1995. "The Diffusion of New Information Technologies and Productivity Growth," Journal of Evolutionary Economics, Springer, vol. 5(1), pages 1-17, February.
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- Garey Ramey & Valerie A. Ramey, 1991. "Technology Commitment and the Cost of Economic Fluctuations," NBER Working Papers 3755, National Bureau of Economic Research, Inc. Full references (including those not matched with items on IDEAS)
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