A Model of Growth Through Creative Destruction¶
Aghion, P., & Howitt, P. (1992). A Model of Growth Through Creative Destruction. Econometrica, 60(2), 323-351.
Cited by¶
2 citations across 2 artifacts.
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.
- building on earlier observations by Marx (1848), and operationalized empirically in the modern growth-and-productivity literature by Aghion-Howitt (1992)
Domain-specific¶
- Endogenous Growth Theory
- The Aghion–Howitt (1992) formulation of endogenous growth through Schumpeterian creative destruction — in which successive innovations render existing technologies obsolete, generating growth through quality-ladder upgrading
This sourceSchumpeterian growth model in which each industrial innovation renders earlier technologies obsolete, with growth driven by the arrival rate of innovations.
Supported in partVerified against the source
- The Aghion–Howitt (1992) formulation of endogenous growth through Schumpeterian creative destruction — in which successive innovations render existing technologies obsolete, generating growth through quality-ladder upgrading
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