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Lessons from Schumpeterian Growth Theory

By operationalizing the notion of creative destruction, Schumpeterian growth theory generates distinctive predictions on important microeconomic aspects of the growth process (competition, firm dynamics, firm size distribution, cross-firm and cross-sector reallocation) which can be confronted using rich micro data. In this process the theory helps reconcile growth with industrial organization and development economics.

01. May 2015

Authors Philippe Aghion Ufuk Akcigit Peter Howitt

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Professor Ufuk Akcigit, PhD
Professor Ufuk Akcigit, PhD
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