The Schumpeterian Growth Model (One-Sector Version)

This lecture introduces the Schumpeterian growth model of Aghion and Howitt in a simplified one-sector version. The model features vertical innovation instead of horizontal innovation as in the Romer model. Old vintages of technologies are replaced by new ones, which is "creative desctruction".
For other videos on macroeconomic topics, please see
• Advanced Macroeconomics
• Advanced Macroeconomic...

[@albertnewton2090]

Elegant and clear presentation!

[@KlausPrettner]

@@albertnewton2090 Thank you very much!

[@tyang-b4i]

Very helpful and clear video, thanks!

[@KlausPrettner]

Thank you very much!

[@Econ_Macro]

Excellent video 👍

[@KlausPrettner]

Thank you so much, Jamel!

[@sban1729]

I appreciate your guidance, Sir. This concept was essential for me. Your teaching style is remarkably straightforward and comprehensible. I extend my respect as one of your Indian students on TH-cam.

[@KlausPrettner]

Thank you very much for your positive feedback. I am very happy that my videos are useful to you.