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• W1580903209 abstract "The article explores the impact of the diffusion of new methods of production on output and employment growth and income distribution within a Classical one-sector framework. Disequilibrium paths are studied analytically and in terms of simulations. Diffusion by differential growth affects aggregate dynamics through several channels. The analysis reveals the non-steady nature of economic change and shows that the adaptation pattern depends both on the innovation's factor-saving bias and on the extent of the bias, which determines the strength of the selection pressure on non-innovators. The typology of different cases developed shows various aspects of Schumpeter's concept of creative destruction." @default.
• W1580903209 created "2016-06-24" @default.
• W1580903209 creator A5020915167 @default.
• W1580903209 date "2015-06-09" @default.
• W1580903209 modified "2023-10-16" @default.
• W1580903209 title "Diffusion Dynamics and Creative Destruction in a Simple Classical Model" @default.
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• W1580903209 doi "https://doi.org/10.1111/meca.12085" @default.
• W1580903209 hasPubMedCentralId "https://www.ncbi.nlm.nih.gov/pmc/articles/5006261" @default.
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