The Creative Destruction Approach to Growth Economics

IF 0.8 4区社会学 Q2 AREA STUDIES

European Review Pub Date : 2023-08-01 DOI:10.1017/S1062798723000212

P. Aghion, P. Howitt

引用次数: 0

Abstract

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.

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增长经济学的创造性破坏方法

在本文中，我们将介绍熊彼特的增长范式，其中增长源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期增长历史中的谜题，如增长起飞、长期停滞和中等收入陷阱。然后，我们说明了如何使用丰富的微观数据来检验熊彼特范式，重点关注产品市场竞争与创新驱动型增长之间的关系。最后，我们用这一范式来质疑有关增长政策制定的一些普遍智慧。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

European Review AREA STUDIES-

CiteScore

1.40

自引率

0.00%

发文量

期刊介绍： The European Review is a unique interdisciplinary international journal covering a wide range of subjects. It has a strong emphasis on Europe and on economics, history, social science, and general aspects of the sciences. At least two issues each year are devoted mainly or entirely to a single subject and deal in depth with a topic of contemporary importance in Europe; the other issues cover a wide range of subjects but may include a mini-review. Past issues have dealt with: Who owns the Human Genome; From decolonisation to post-colonialism; The future of the welfare state; Democracy in the 21st century; False confessions after repeated interrogation; Living in real and virtual worlds.