A Neo-Schumpeterian Approach towards Public Sector Economics

Horst Hanusch (horst.hanusch@wiwi.uni-augsburg.de), Andreas Pyka and Florian Wackermann
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Horst Hanusch: University of Augsburg, Department of Economics

No 306, Discussion Paper Series from Universitaet Augsburg, Institute for Economics

Abstract: Innovation is the major driver of economic growth and development. To analyze innovation processes the restriction of a framework suited to the analysis of innovation towards the industrial sphere of an economy is not sufficient because of the important co-evolutionary dimensions of innovation. Instead, a comprehensive economic theoretical approach is needed which encompasses all spheres of economic life. This paper is filling this gap by introducing Comprehensive Neo-Schumpeterian Economics and the Neo-Schumpeterian approach towards public sector economics.

Keywords: innovation; uncertainty; public sector; co-evolution (search for similar items in EconPapers)
JEL-codes: B52 H11 L2 O20 P0 (search for similar items in EconPapers)
Date: 2009-09
New Economics Papers: this item is included in nep-evo, nep-hpe, nep-ino, nep-pbe and nep-pke
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