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Schumpeterian Dynamics and Metropolitan-Scale Productivity

Schumpeterian Dynamics and Metropolitan-Scale Productivity

Hardcover

Series: Routledge Revivals

EconomicsGeography

ISBN10: 1138718947
ISBN13: 9781138718944
Publisher: Routledge
Published: Dec 14 2017
Pages: 152
Weight: 0.82
Height: 0.38 Width: 6.00 Depth: 9.00
Language: English
This title was first published in 2003. Schumpeter first put forward the premise that the incessant turbulence of an economy in motion, carrying out new combinations of products, production methods with new technologies and the opening of new markets, is capable of explaining patterns of economic growth and change. Focusing on US industrialized urban areas, this volume tests this theory empirically. Localized employment 'churn' - registered as job creation/destruction dynamics - is used to account for variations in US metro-regional economic productivity performances during the 1986-1999 period. The results suggest that the employment turnover and replacement dynamics have large and significant positive effects on localized productivity growth independent of a variety of industrial restructuring processes occurring simultaneously.

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