Rola kredytu konsumpcyjnego w rozwoju innowacyjnym – ujęcie aksjomatyczne

• Authors: Beata Ciałowicz

Title variants

EN

The Role of Consumer Credit in Innovative Development – an Axiomatic Depiction

• Languages of publication: PL

Abstracts

EN

In "The Theory of Economic Development" J. Schumpeter described economic development defined in relation to three factors: its causes (innovations) – actors (entrepreneurs), and financial means (credit). Consumers play a passive role in this process and can be characterised by routine behaviours, so that only changes in their activities are secondary to respective changes in a production system. The lack of an active role of consumers in the process of economic development was reflected in formal depictions of the neo-Schumpeterian theory of economic development. At the same time, contemporary literature on economic evolution more and more frequently raises the question of active participation of the demand side in this process. In this context, the aim of the paper is to modify the Arrow-Debreu model of a private ownership economy, taking into consideration the existence of consumer credit. Doing so will enable us to study the relationship between the height of consumer credit and the quality of innovative changes.

Keywords

EN

DEBREU ECONOMY; SCHUMPETERIAN EVOLUTION; CONSUMER CREDIT

• Publisher: Wydawnictwo Uniwersytetu Ekonomicznego w Krakowie
• Journal: Zeszyty Naukowe Uniwersytetu Ekonomicznego w Krakowie
• Year: 2012
• Issue: 895
• Pages: 89-101

Contributors

author

Beata Ciałowicz

• Uniwersytet Ekonomiczny w Krakowie, Katedra Matematyki, ul. Rakowicka 27, 31-510, Kraków, Poland

References

• Andersen E.S. [2007], Innovation and Demand [in:] Elgar Companion to Neo-Schumpeterian Economics, Edward Elgar, Cheltenham, UK, Northampton, MA.
• Aversi R. et al. [1999], Demand Dynamics with Socially Evolving Preferences; Industrial and Corporate Change, ABI/INFORM Global.
• Ciałowicz B., Malawski A. [2007], Credit as a Source of Innovations – an Axiomatic Schumpeterian Approach, materiały konferencyjne: The 3rd International Conference on Business, Management and Economics 2007, Yasar University, Cesme – Izmir.
• Ciałowicz B., Malawski A. [2010], Ewolucja innowacyjna stymulowana popytem – ujęcie aksjomatyczne [w:] Modelowanie i prognozowanie zjawisk społeczno-gospodarczych, Wydawnictwo Uniwersytetu Ekonomicznego w Krakowie.
• Ciałowicz B., Malawski A. [2011], The Role of Banks in the Schumpeterian Innovative Evolution – An Axiomatic Set-up [in:] Catching Up, Spillovers and Innovation Networks in a Schumpeterian Perspective, eds A. Pyka, F. Derengowski i M. da Graca, Springer-Verlag, Heidelberg, Berlin.
• Debreu G. [1959], Theory of Value, J. Wiley, New York.
• Malawski A. [1999], Metoda aksjomatyczna w ekonomii, Ossolineum, Wrocław.
• Malawski A. [2004], Beyond Schumpeterian Illusions: from General Equilibrium to Evolutionary Economics, the paper presented at the International Schumpeter Society Meeting, Milan, 9–11 June 2004, Italy.
• Malawski A. [2005], A Dynamical System Approach to the Arrow-Debreu Theory of General Equilibrium, The 9th World Multi-Conference on Systemics, Cybernetics and Informatics, Proceedings 2005, Vol. VII, Orlando, Florida, USA.
• Malawski A., Woerter M [2006], Diversity Structure of the Schumpeterian Evolution. An Axiomatic Approach, Arbeitspapiere/Working Papers of the Swiss Institute for Business Cycle Research, No 153, 2006, Zurich.
• Nelson R.R., Winter S.G. [1982], An Evolutionary Theory of Economic Change, Cambridge.
• Nelson R.R., Winter S.G. [2002], Evolutionary Theorizing in Economics, „Journal of Economic Perspective”, No 16.
• Onatski A., Williams N. [2003], Modelling Model Uncertainty, Working Paper 9566, National Bureau of economic research, Cambridge.
• Saam N. J. [2005], The Role of Consumers in Innovation Processes in Markets, Rationality and Society, Vol. 17, Issue 3.
• Schumpeter J.A. [1912], Die Theorie der wirtschaftlichen Entwicklung, Duncker & Humblot, Leipzig.
• Schumpeter J.A. [1934], The Theory of Economic Development, Harvard University Press, Cambridge MA.
• Schumpeter J.A. [1961], The Theory of Economic Development. A Galaxy Book, Oxford University Press, New York.