Counting Innovations: Schumpeterian Growth in Discrete Time
Type
working paper
Date Issued
2019-11
Author(s)
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.
Language
English
HSG Classification
contribution to scientific community
HSG Profile Area
SEPS - Economic Policy
Subject(s)
Eprints ID
258511
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Name
Creative_Discrete_EL.pdf
Size
97.41 KB
Format
Adobe PDF
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