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来源类型 | Faculty Working Papers |
规范类型 | 工作论文 |
来源ID | CID Working Paper No. 238 |
Empirical confirmation of creative destruction from world trade data | |
Peter Klimek; Ricardo Hausmann; Stefan Thurner | |
发表日期 | 2012-04 |
出版年 | 2012 |
摘要 | We show that world trade network datasets contain empirical evidence that the dynamics of innovation in the world economy follows indeed the concept of creative destruction, as proposed by J.A. Schumpeter more than half a century ago. National economies can be viewed as complex, evolving systems, driven by a stream of appearance and disappearance of goods and services. Products appear in bursts of creative cascades. We find that products systematically tend to co-appear, and that product appearances lead to massive disappearance events of existing products in the following years. The opposite – disappearances followed by periods of appearances – is not observed. This is an empirical validation of the dominance of cascading competitive replacement events on the scale of national economies, i.e. creative destruction. We find a tendency that more complex products drive out less complex ones, i.e. progress has a direction. Finally we show that the growth trajectory of a country’s product output diversity can be understood by a recently proposed evolutionary model of Schumpeterian economic dynamics. |
URL | https://www.hks.harvard.edu/centers/cid/publications/faculty-working-papers/empirical-confirmation-creative-destruction-world-trade-data |
来源智库 | Center for International Development (United States) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/503158 |
推荐引用方式 GB/T 7714 | Peter Klimek,Ricardo Hausmann,Stefan Thurner. Empirical confirmation of creative destruction from world trade data. 2012. |
条目包含的文件 | 条目无相关文件。 |
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