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Applying Comprehensive Neo-Schumpeterian Economics to Latin American Economies
- Source :
-
Structural Change & Economic Dynamics . Mar2010, Vol. 21 Issue 1, p70-83. 14p. - Publication Year :
- 2010
-
Abstract
- 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. [Copyright &y& Elsevier]
Details
- Language :
- English
- ISSN :
- 0954349X
- Volume :
- 21
- Issue :
- 1
- Database :
- Academic Search Index
- Journal :
- Structural Change & Economic Dynamics
- Publication Type :
- Academic Journal
- Accession number :
- 48283432
- Full Text :
- https://doi.org/10.1016/j.strueco.2009.11.003