Counting innovations: Schumpeterian growth in discrete time

Guido Cozzi and Silvia Galli ()

MPRA Paper from University Library of Munich, Germany

Abstract: Schumpeterian growth theory based on creative destruction was originally designed for continuous time innovation and growth models. However its recently expanding use in DSGE modelling calls for an easily usable discrete time recast. We here show how to construct a discrete time version of creative destruction fully equivalent to its continuous time counterpart.

Keywords: R&D and Growth; Creative Destruction; Discrete Time; DSGE. (search for similar items in EconPapers)
JEL-codes: E3 O3 (search for similar items in EconPapers)
Date: 2019
New Economics Papers: this item is included in nep-dge, nep-gro, nep-mac and nep-sbm
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Related works:
Journal Article: Counting innovations: Schumpeterian growth in discrete time (2020)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:97364

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