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Applying Comprehensive Neo-Schumpeterian Economics to Latin American Economies

Dominik Hartmann, Andreas Pyka () and Horst Hanusch ()

Structural Change and Economic Dynamics, 2010, vol. 21, issue 1, 70-83

Abstract: The paper develops a Comprehensive Neo-Schumpeterian theory of development allowing synthesizing the market-driven, the state-driven and the more recent knowledge-based approaches. The theoretical part of this paper identifies (i) freedom and social welfare, (ii) knowledge and innovations, and (iii) future-oriented economic structures as mutual interconnected and reinforcing objective classes of development. In the empirical part we reveal characteristic patterns and structural bottlenecks in the future-orientation of Latin American economies. While in some countries knowledge is the main bottleneck for future-oriented development, other countries suffer from inefficient economic structures or the exclusion of large parts of the population from economic life.

Keywords: Comprehensive; Neo-Schumpeterian; Economics; Latin; America; Clusters; Indicators (search for similar items in EconPapers)
Date: 2010
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