Counting innovations: Schumpeterian growth in discrete time

被引：0
|
作者：
Cozzi, Guido [1 ]
Galli, Silvia [1 ]
机构：
[1] Univ St Gallen, Dept Econ, FGN HSG, Varnbuelstr 19, CH-9000 St Gallen, Switzerland
来源：
ECONOMICS LETTERS | 2020年 / 189卷
关键词：
R&D and growth; Creative destruction; Discrete time; DSGE; ENDOGENOUS GROWTH;
D O I：
10.1016/j.econlet.2020.109014
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
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 useable discrete time recast. We here show how to construct a discrete time version of creative destruction fully equivalent to its continuous time counterpart. (c) 2020 Elsevier B.V. All rights reserved.
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页数：4
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