Schumpeterian growth theory, Schumpeter, and growth policy design

Journal article: The purpose of this paper is to show that both Schumpeterian growth theory and Schumpeter’s own thinking can be helpful in order to think about growth policy design and the role of the state. This reflection offers an economic policy roadmap and gives rise to concrete proposals in terms of an adequate mix of demand and supply-side options depending on the country’s distance to the world technology frontier.

Author(s)

Philippe Aghion, Agnès Festré

Journal
  • Journal of Evolutionary Economics
Date of publication
  • 2017
Keywords
  • Creative destruction
  • Distance-to-frontier
  • Endogenous innovation
  • Schumpeterian growth models
  • Growth policy design
Pages
  • 25-42
Version
  • 1
Volume
  • 27