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Applying Comprehensive Neo-Schumpeterian Economics to Latin American Economies

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  • Hartmann, Dominik
  • Pyka, Andreas
  • Hanusch, Horst

Abstract

The paper develops a Comprehensive Neo-Schumpeterian theory of development allowing synthesizing the market-driven, the state-driven and the more recent knowledge-based approaches. The theoretical part of this paper identifies (i) freedom and social welfare, (ii) knowledge and innovations, and (iii) future-oriented economic structures as mutual interconnected and reinforcing objective classes of development. In the empirical part we reveal characteristic patterns and structural bottlenecks in the future-orientation of Latin American economies. While in some countries knowledge is the main bottleneck for future-oriented development, other countries suffer from inefficient economic structures or the exclusion of large parts of the population from economic life.

Suggested Citation

  • Hartmann, Dominik & Pyka, Andreas & Hanusch, Horst, 2010. "Applying Comprehensive Neo-Schumpeterian Economics to Latin American Economies," Structural Change and Economic Dynamics, Elsevier, vol. 21(1), pages 70-83, March.
    • Handle: RePEc:eee:streco:v:21:y:2010:i:1:p:70-83
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    References listed on IDEAS

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    1. Horst Hanusch & Andreas Pyka, 2007. "Applying a Comprehensive Neo-Schumpeterian Approach to Europe and Its Lisbon Agenda," Springer Books, in: Richard Tilly & Paul J. J. Welfens & Michael Heise (ed.), 50 Years of EU Economic Dynamics, chapter 0, pages 275-299, Springer.
    2. Horst Hanusch & Andreas Pyka, 2007. "Principles of Neo-Schumpeterian Economics," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 31(2), pages 275-289, March.
    3. Jorge Katz, 2007. "Cambios Estructurales y Ciclos de Destruccion y Creacion de Capacidades Productivas y Technologicas en América Latina," Globelics Working Paper Series 2007-06, Globelics - Global Network for Economics of Learning, Innovation, and Competence Building Systems, Aalborg University, Department of Business and Management.
    4. Phillip Arestis & Michelle Baddeley & John S.L. McCombie (ed.), 2007. "Economic Growth," Books, Edward Elgar Publishing, number 3958.
    5. Manuel Mira Godinho & Sandro F. Mendonça & Tiago Santos Pereira, 2005. "Towards a taxonomy of innovation systems," Working Papers Department of Economics 2005/13, ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa.
    6. Andreas Pyka & Uwe Cantner & Alfred Greiner & Thomas Kuhn (ed.), 2009. "Recent Advances in Neo-Schumpeterian Economics," Books, Edward Elgar Publishing, number 12982.
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    Cited by:

    1. Paredes-Frigolett, Harold & Pyka, Andreas & Leoneti, Alexandre Bevilacqua, 2021. "On the performance and strategy of innovation systems: A multicriteria group decision analysis approach," Technology in Society, Elsevier, vol. 67(C).
    2. Hartmann, Dominik & Pyka, Andreas, 2013. "Innovation, economic diversification and human development," FZID Discussion Papers 65-2013, University of Hohenheim, Center for Research on Innovation and Services (FZID).

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