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来源类型Article
规范类型其他
DOI10.1371/journal.pone.0038924
Empirical confirmation of creative destruction from world trade data.
Klimek P; Hausmann R; Thurner S
发表日期2012
出处PLoS ONE 7 (6)
出版年2012
语种英语
摘要We show that world trade network datasets contain empirical evidence that the dynamics of innovation in the world economy indeed follows 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.
主题Advanced Systems Analysis (ASA)
关键词Data base Dynamics Economic development Financial management Growth curve Socioeconomics Statistical model Validation process World Trade Flows database
URLhttp://pure.iiasa.ac.at/id/eprint/9925/
来源智库International Institute for Applied Systems Analysis (Austria)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/129384
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Klimek P,Hausmann R,Thurner S. Empirical confirmation of creative destruction from world trade data.. 2012.
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