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Tracing empirical trails of Schumpeterian development

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Entrepreneurships, the New Economy and Public Policy

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Abstract

Schumpeterian development is characterized by the simultaneous interplay of growth and qualitative transformations of the economic system. At the sectoral level, such qualitative transformations become manifest as variations in the sectoral composition of production. Following the implementation of Harberger’s method of visualizing the impact of differential productivity growth, dynamic panel estimations are applied to a standard growth model modified to include specific structural variables for both the manufacturing and the services sectors. Covering 28 countries over the period between 1990 and 2000, the results give empirical substance to the evolutionary emphasis on Schumpeterian development as opposed to mere aggregate growth.

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Author information

Authors and Affiliations

  1. Austrian Institute of Economic Research (WIFO), Austria

    Michael Peneder

Authors
  1. Michael Peneder
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Editor information

Editors and Affiliations

  1. Faculty of Economics and Business Administration Chair for Microeconomics, Friedrich-Schiller-University of Jena, Carl-Zeiss-Str. 3, 07743, Jena, Germany

    Uwe Cantner

  2. Department of Economics, University of Florida, Gainesville, FL, 32611, USA

    Elias Dinopoulos

  3. Graduate School of Business, University of Florida, 201 Bryan Hall, Gainesville, FL, 32611-7150, USA

    Robert F. Lanzillotti

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© 2005 Springer-Verlag Berlin Heidelberg

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Peneder, M. (2005). Tracing empirical trails of Schumpeterian development. In: Cantner, U., Dinopoulos, E., Lanzillotti, R.F. (eds) Entrepreneurships, the New Economy and Public Policy. Springer, Berlin, Heidelberg. https://doi.org/10.1007/3-540-26994-0_12

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