Abstract
This paper used concepts from chaotical dynamic systems, information theory, and cybernetics to develop a model that depicts a Schumpeterian process through which entrepreneurs search for new combinations of both products and production processes that result in increased productivity and growth. The model provides the basis for an alternative conceptual framework for conducting research into the causes of the productivity slowdown that began in the United States in the early 1970s and continued until recently.
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Jenner, R.A. Endogenous Schumpeterian Growth, the Productivity Slowdown, and Entrepreneurial Dynamics. Small Business Economics 11, 343–351 (1998). https://doi.org/10.1023/A:1008099431979
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DOI: https://doi.org/10.1023/A:1008099431979