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gptkbp:instanceOf
|
gptkb:economic_growth_model
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gptkbp:assumes
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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.
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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
|
|
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
|
|
https://www.w3.org/2000/01/rdf-schema#label
|
Aghion–Howitt model
|