Found 4 article(s) for author 'Creative Destruction'

Creative Destruction or Idiot Winds: Schumpeterian Theory Meets the Educational Sector in Developing Countries

Creative Destruction or Idiot Winds: Schumpeterian Theory Meets the Educational Sector in Developing Countries. Mark Moore, 2019, Paper, “This is one of a series of working papers from “RISE”—the large-scale education systems research programme supported by the UK’s Department for International Development (DFID), Australia’s Department of Foreign Affairs and Trade (DFAT), and the Bill and Melinda Gates Foundation.Link

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Missing Growth from Creative Destruction

Missing Growth from Creative Destruction. Philippe Aghion, November 2017, Paper, “Statistical agencies typically impute inflation for disappearing products based on surviving products, which may result in overstated inflation and understated growth. Using U.S. Census data, we apply two ways of assessing the magnitude of “missing growth” for private nonfarm businesses from 1983–2013. The first approach exploits information on the markets hare of surviving plants. The second approach applies in direct inference to firm-level data. We find: (i) missing growth from imputation is substantial — at least 0.6 percentage points per year; and (ii) most of the missing growth is due to creative destruction (as opposed to new varieties).Link

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Growth slowdowns: Middle-Income Trap vs. Regression to the Mean

Growth slowdowns: Middle-Income Trap vs. Regression to the Mean. Lant Pritchett, Lawrence H. Summers, December 11, 2014, Paper. “Dozens of nations think they are in the ‘middle-income trap’. Lant Pritchett and Larry Summers present new evidence that this trap is actually just growth reverting to its mean. This matters since belief in the ‘trap’ can lead governments to misinterpret current challenges. For lower-middle-income nations the 21st century beckons, but there are still 19th century problems to address. Moreover, sustaining rapid growth requires both parts of creative destruction, but only one is popular with governments and...” Link

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What Do We Learn From Schumpeterian Growth Theory?

What Do We Learn From Schumpeterian Growth Theory. Philippe Aghion, February 15, 2013, Paper. “Schumpeterian growth theory has “operationalized” Schumpeter’s notion of creative destruction by developing models based on this concept. These models shed light on several aspects of the growth process which could not be properly addressed by alternative theories. In this survey, we focus on four important aspects, namely: (i) the role of competition and market structure; (ii) rm dynamics; (iii) the relationship between growth and development with the notion of appropriate growth institutions; (iv) the emergence and impact of long-term…”  Link

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