Schumpeterian growth theory, Schumpeter, and growth policy design.

Summary The purpose of this paper is to show that both Schumpeterian growth theory and Schumpeter’s own thinking can be helpful in order to think about growth policy design and the role of the state. This reflection offers an economic policy roadmap and gives rise to concrete proposals in terms of an adequate mix of demand and supply-side options depending on the country’s distance to the world technology frontier.