Abstract
Three main ideas underlie the Schumpeterian growth paradigm: (a) growth is primarily driven by technological innovations; (b) innovations are produced by entrepreneurs who seek monopoly rents from them; (c) new technologies drive out old technologies.
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Aghion, P. (2010). Schumpeterian growth and growth policy design. In: Durlauf, S.N., Blume, L.E. (eds) Economic Growth. The New Palgrave Economics Collection. Palgrave Macmillan, London. https://doi.org/10.1057/9780230280823_29
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DOI: https://doi.org/10.1057/9780230280823_29
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