Empirical Economics

, Volume 21, Issue 1, pp 13–25 | Cite as

The observational implications of Schumpeterian growth theory

  • Philippe Aghion
  • Peter Howitt
Testable Implications of Various Growth Theories and Modelling and Identification of Common Shocks


This paper obtains and discusses alternative testable implications of the Schumpeterian theory of creative destruction for economic growth.

Key Words

Growth theory creative destruction empirical implications 

JEL Classification System-Numbers



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Copyright information

© Physica-Verlag 1996

Authors and Affiliations

  • Philippe Aghion
    • 1
  • Peter Howitt
    • 2
  1. 1.Nuffield CollegeOxfordEngland
  2. 2.Institut D'Economie IndustrielleUniversité des Sciences Sociales, Place Anatole FranceToulouse cedexFrance

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