Aghion–Howitt model

GPTKB entity

Statements (25)
Predicate Object
gptkbp:instanceOf economic growth model
gptkbp:assumes monopolistic competition
random arrival of innovations
gptkbp:basedOn gptkb:Schumpeterian_growth_theory
gptkbp:citation gptkb:Aghion,_P._&_Howitt,_P._(1992)._A_Model_of_Growth_Through_Creative_Destruction._Econometrica,_60(2),_323-351.
gptkbp:contrastsWith gptkb:Solow–Swan_model
gptkb:AK_model
gptkbp:describes role of R&D in growth
gptkbp:developedBy gptkb:Peter_Howitt
gptkb:Philippe_Aghion
gptkbp:emphasizes entrepreneurship
technological progress
gptkbp:explains long-run economic growth
gptkbp:field endogenous growth theory
gptkbp:focusesOn innovation
creative destruction
gptkbp:form quality-ladder model
https://www.w3.org/2000/01/rdf-schema#label Aghion–Howitt model
gptkbp:influenced subsequent Schumpeterian models
gptkbp:introducedIn 1992
gptkbp:predicts creative destruction can have both positive and negative effects
growth depends on innovation rate
gptkbp:publishedIn gptkb:Econometrica
gptkbp:bfsParent gptkb:Schumpeterian_growth_theory
gptkbp:bfsLayer 7