The Creative Destruction Approach to Growth Economics
The Creative Destruction Approach to Growth Economics
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DOI：
10.1017/s1062798723000212
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发表时间：
2023-08
期刊：
影响因子：
0.4
通讯作者：
P. Aghion;P. Howitt
中科院分区：
文献类型：
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作者：
P. Aghion;P. Howitt
在这篇文章中，我们将介绍熊彼特增长范式，即增长来自于使以前的创新过时的创新。我们展示了如何使用这种范式来阐明近年来增长史上的谜团，如增长起飞，长期停滞和中等收入陷阱。然后，我们说明了熊彼特范式可以使用丰富的微观数据进行测试，专注于产品市场竞争和创新主导的增长之间的关系。最后，我们使用范式来质疑一些关于增长政策制定的常见智慧。
In this article we introduce the Schumpeterian growth paradigm, where growth results from innovations that render previous innovations obsolete. We show how this paradigm can be used to elucidate enigmas in recent growth history, such as the growth take-off, secular stagnation, and the middle-income trap. We then illustrate how the Schumpeterian paradigm can be tested using rich micro data, focusing on the relationship between product market competition and innovation-led growth. Finally, we use the paradigm to question some common wisdoms on growth policymaking.