Abstract Based on the mechanism of “creation and destruction,” this paper constructs a Schumpeterian economic model multi-industry dynamic, stochastic population equilibrium, which includes development elements digital technology. Then makes an empirical study application technology in real industry finance. The research shows that integration manufacturing will significantly promote industrial...

This study investigates how geographical proximity with innovation ecosystems’ agents contribute to Schumpeterian firms’ performance. By adopting the knowledge spillover theory, we propose and test a conceptual model using firm-level data that merged information from multiple sources resulting in 3,074 observations during period of 2002–2014. Our results literature by extending three academic d...

The use of simulation modelling techniques by neo-Schumpeterian economists dates back to Nelson and Winter’s 1982 book “An Evolutionary Theory of Economic Change”, and has rapidly expanded ever since. This paper considers the way in which successive generations of models have extended the boundaries of research (both with respect to the range of phenomena considered and the different dimensions...

We consider the problem of finding sufficient conditions for political support of liberal, growth-enhancing policy in a quality-ladders model with heterogeneous agents differing in their endowment of wealth and skills. The policy set is two-dimensional: Agents vote for the level of redistribution as well as for the level of entry barriers preventing the creation of more efficient firms. We show...

This paper develops a non-Schumpeterian endogenous growth model of R&D in which the firm’s free-riding behavior, reinforced by a lack of appropriability in its industry, constitutes a major source of growth in the economy. While models analyzing the interaction between either imitation and innovation or spillovers and innovation have already appeared in the literature, we show how imitation via...

The concept of (auto)catalytic systems has become a cornerstone in understanding evolutionary processes in various fields. The common ground is the observation that for the production of new species/goods/ideas/elements etc. the pre-existence of specific other elements is a necessary condition. In previous work some of us showed that the dynamics of the catalytic network equation can be underst...