Empirical confirmation of creative destruction from world trade data.

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, dr...

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Bibliographic Details
Main Authors: Peter Klimek, Ricardo Hausmann, Stefan Thurner
Format: article
Language:EN
Published: Public Library of Science (PLoS) 2012
Subjects:
R
Q
Online Access:https://doaj.org/article/195a0586d3e9450da9b64c6887c6f6ae
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