Journal of Evolutionary Economics
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Schumpeter and the `Schmollerprogramm': integrating theory and history in the analysis of economic development
Journal of Evolutionary Economics - Tập 10 - Trang 355-372 - 2000
This essay addresses the historical and institutional aspects of Schumpeter's thought. It suggests that Schumpeter prepared a pluralist research agenda, formulated in accordance with the conceptual perspective of the German Historical School, as presented by major scholars such as Schmoller, Sombart, Spiethoff and Max Weber. Schumpeter's notion of development, with its emphasis on the corresponde......
A Schumpeterian model of endogenous innovation and growth
Journal of Evolutionary Economics - Tập 4 - Trang 227-241 - 1994
A disequilibrium model of endogenous innovation and growth is presented. The behaviour of the agents is supposed to be governed by routines, not by maximization. The entrepreneurs are assumed to invest a fraction of their operating profits in real capital accumulation, and another fraction in R&D. The latter leads to an increase in labour productivity via a R&D production function. In this ‘Schump......
Firms as the source of innovation and growth: the evolution of technological competence
Journal of Evolutionary Economics - Tập 9 - Trang 331-366 - 1999
It is argued that the firm is the principal source of innovation and growth, a device for the establishment of technological competence, and for its continued development over time. Markets, products and background knowledge may change quite dramatically over time. Yet as a result of the cumulative nature of learning in the production processes of firms, the profile of corporate technological com......
Time to exit: “revolving door effect” or “Schumpeterian gale of creative destruction”?Abstract Over the past decades, exit has been analyzed at the theoretical and empirical levels. From this rich series of contributions, two basic patterns of exit can be identified: the revolving door and the gale of creative destruction. In the first, the liability of newness plays a major role in the exit process, while in the second the displacement of non-innova... ...
Journal of Evolutionary Economics - - 2021
A positive vision for the forerunner economies in the present global context
Journal of Evolutionary Economics - Tập 5 - Trang 327-332 - 1995
In this paper, the normative content of the concept of GNP growth is questioned, challenging the welfare implications of the traditional notions of input and output. It is argued that the attainment of “sustainable development” requires a reorientation towards a qualitative rather than quantitative framework of analysis.
An evolutionary approach to the examination of capital market efficiency
Journal of Evolutionary Economics - Tập 8 - Trang 357-382 - 1998
The paper investigates capital market efficiency on basis of an evolutionary model of asset pricing. Participants of capital markets are considered as organizations in the sense of Nelson and Winter (1982). Behavior of these organizations is described by routines. Routines are regular and predictable behavioral patterns, which determine how individuals gather information, form expectations, and o......
Absorptive capacity, efficiency effect and competitors’ spillovers
Journal of Evolutionary Economics - Tập 21 Số 4 - Trang 649-663 - 2011
Schumpeter, product innovation and public policy: the case of cigarettes
Journal of Evolutionary Economics - Tập 13 - Trang 469-490 - 2003
Structural change, institutions and the dynamics of labor productivity in Europe
Journal of Evolutionary Economics - Tập 30 - Trang 1275-1300 - 2019
The objective of this paper is to explain the reasons behind the dynamics of labor productivity (LP) growth during a process of institutional and structural change. We show - by means of a theoretical discussion and an empirical analysis, conducted on a sample of 25 European countries for the period 1995–2016 - that four main channels contribute to explaining the evolution of LP. First, the speed ......
Institutional adaptation in the evolution of the ‘co-operative principles’
Journal of Evolutionary Economics - Tập 32 Số 1 - Trang 333-365 - 2022
Tổng số: 861
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