G2TT
来源类型Faculty Working Papers
规范类型工作论文
来源IDCID 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.

URLhttps://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.
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