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A model of Schumpeterian dynamics

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  • Jati Sengupta

Abstract

Two key element of Schumpeterian dynamics - new innovations in technology and creative destruction - are used here to develop a growth model, which is then applied empirically for two economies: Japan and Korea in their rapid phases of growth.

Suggested Citation

  • Jati Sengupta, 2001. "A model of Schumpeterian dynamics," Applied Economics Letters, Taylor & Francis Journals, vol. 8(2), pages 81-84.
    • Handle: RePEc:taf:apeclt:v:8:y:2001:i:2:p:81-84
    DOI: 10.1080/13504850150204101
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    References listed on IDEAS

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    1. Callen, T S & Hall, S G & Henry, S G B, 1990. "Manufacturing Stocks: Expectations, Risk and Co-integration," Economic Journal, Royal Economic Society, vol. 100(402), pages 756-772, September.
    2. Kennan, John, 1979. "The Estimation of Partial Adjustment Models with Rational Expectations," Econometrica, Econometric Society, vol. 47(6), pages 1441-1455, November.
    3. Sengupta, Jati K., 1998. "Economic fluctuations in a model of input and output growth in Japan (1965-90)," Economic Modelling, Elsevier, vol. 15(1), pages 135-149, January.
    4. Sengupta, Jati K. & Okamura, Kumiko, 1996. "Learning by doing and openness in Japanese growth: A new approach," Japan and the World Economy, Elsevier, vol. 8(1), pages 43-64, March.
    5. Alwyn Young, 1995. "The Tyranny of Numbers: Confronting the Statistical Realities of the East Asian Growth Experience," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 110(3), pages 641-680.
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