What does the term 'creative destruction' mean? In a Schumpeterian growth model, what determines the growth rate

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What does the term 'creative destruction' mean? In a Schumpeterian growth model, what determines the growth rate of productivity? How does this compare to the mechanism driving growth in the Solow model with technological progress?

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Macroeconomics Institutions Instability And The Financial System

ISBN: 9780199655793

1st Edition

Authors: Wendy Carlin, David Soskice

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Question Posted: Jun 10, 2024 02:10 AM

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What does the term 'creative destruction' mean? In a Schumpeterian growth model, what determines the growth rate

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Macroeconomics Institutions Instability And The Financial System

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