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Politicians often impose impediments to the forces of creative destruction by regulating entry and exit rules [73] that make it difficult for churning to take place. In a series of papers Andrei Shleifer and Simeon Djankov illustrate [ 74 ] the effects of such regulation on slowing down competition and innovation.
Creative Destruction: Political and Administrative Challenges in Preserving the Public-Private Mix As political pressure for affordable universal coverage intensifies, various proposals have been crafted to improve the system without sacrificing the role of the private sector. Some analysts view the preservation of a mixed public-private system ...
DOI 10.3386/w7849. Issue Date August 2000. There is increasing empirical evidence that creative destruction, driven by experimentation and the adoption of new products and processes when investment is sunk, is a core mechanism of development. Obstacles to this process are likely to be obstacles to the progress in standards of living.
- Ricardo J. Caballero, Mohamad L. Hammour
- 2000
May 26, 2022 · Creative destruction ultimately benefits society by giving customers more options to meet their needs — while also forcing organizations and their competitors to continually innovate and improve ...
Scientific output outpaces researchers’ ability to consume and make sense of it. Synthetic work addresses this problem not only by sort-ing through a relevant literature and summa-rizing its findings, but, as we will argue, by contextualizing those findings among them-selves and within a broader scholarly field.
Sep 30, 2021 · Working Paper 2021-23 September 2021. Abstract: This working paper reviews recent empirical evidence on large firms and nonproductive strategies that hinder creative destruction and reallocation. The focus is on three types of nonproductive strategies: political connections, nonproductive patenting, and anticompetitive acquisitions.
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Neoliberalism as Creative Destruction. Neoliberalism has become a hegemonic discourse with pervasive effects on ways of thought and political. economic practices to the point where it is now part of the commonsense way we interpret, live in, and under. stand the world. How did neoliberalism achieve such an exalted status, and what does it stand ...