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Demand- side resistance to creative destruction in schumpeterian growth theory
(Escola de Pós-Graduação em Economia da FGV, 1994-10-20)
The Schumpelerian model of endogeno~s growlh is generalized with lhe introduction of stochastic resislance. by agenls other Ihan producers. to lhe innovations which drive growth. This causes a queue to be formcd of ...