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原文連結
論文資訊
- 類型：已發表論文
- 日期：2010
摘要
We propose a simple quantitative model of Schumpeterian 經濟 dynamics. New goods and services are endogenously produced through combinations of existing goods. As soon as new goods enter the market, they may compete against already existing goods. In other words, new products can have destructive effects on existing goods. As a result of this competition mechanism, existing goods may be driven out from the market-often causing cascades of secondary defects (Schumpeterian gales of destruction). The model leads to generic dynamics characterized by phases of relative 經濟 stability followed by phases of massive restructuring of markets-which could be interpreted as Schumpeterian business 'cycles'. Model time series of product 多樣性 and productivity reproduce several stylized facts of 經濟s time serie
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