The Schumpeterian Growth Model
The Schumpeterian Growth Model
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熊彼特增长模型
DOI:
10.1142/9781786349132_0016
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发表时间:
2020
期刊:
影响因子:
--
通讯作者:
A. Chu
中科院分区:
文献类型:
--
作者:
A. Chu
In this chapter, we cover the Schumpeterian quality-ladder model developed by Aghion and Howitt (1992) and follow the treatment of the model in Grossman and Helpman (1991). In the quality-ladder model, economic growth is driven by the development of higher-quality products that replace lower-quality products. Joseph Schumpeter (1942) argues that this process of creative destruction is the main engine of long-run economic growth…