A Model of Growth Through Creative Destruction

Aghion, P., & Howitt, P. (1992). A Model of Growth Through Creative Destruction. Econometrica, 60(2), 323-351.

Type

Journal article

Intellectual base

Primary research

Year

1992

DOI

10.2307/2951599

Link

https://doi.org/10.2307/2951599

Cited from

economics_finance

Cited by

1 citation across 1 artifact.

Each citation links to the sentence it supports in the citing article.

Primes

• Creative Destruction
  • building on earlier observations by Marx (1848), and operationalized empirically in the modern growth-and-productivity literature by Aghion-Howitt (1992)

    This sourceEndogenous-growth model in which R&D-driven vertical (quality-ladder) innovation lets a successful innovator displace the incumbent leader, with growth set by research intensity and IP incentives; supports the empirical-operationalization and endogenous-formalization claims.

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