Blümle, G. (1989). Wachstum und Konjunktur bei Differenzgewinnen—Ein Schumpeter-Modell der wirtschaftlichen Entwicklung. In H. J. Ramser, & H. Riese (Eds.), Beitrage zur angewandten Wirtschaftsforschung (pp. 13-37). Berlin: Springer.
https://doi.org/10.1007/978-3-642-74285-9_2

has been cited by the following article:

• TITLE: Reconciling Micro- and Macroeconomics: The Interaction of Innovations, Imitations and Personal Income Distribution

  AUTHORS: Friedrich L. Sell

  KEYWORDS: Innovation, Imitation, Personal Income Distribution, Modeling of the Business Cycle Based on Microeconomic Foundation

  JOURNAL NAME: Modern Economy, Vol.11 No.5, May 9, 2020

  ABSTRACT: The paper is a successor of original papers presented previously by Blümle (1989) and Sell (2020). Drawing on insights provided already by Enrico Barone in the 1930’s, we establish a relationship between the distribution of personal incomes and the activities of innovation and imitation. The model we set up may be taken both as a microeconomic and/or a macroeconomic contribution. On the micro level, champion firms like Google, Amazon, Microsoft or Facebook generate fabulous innovations which are accompanied by large profits and, at the same time, an intra-firm concentration of wages and salaries (including bonuses). On the macro level, the upper (lower) swing of the business cycle goes hand in hand with a rising (falling) profit quota/a higher (lower) inter-firm slope of earnings, created to a large extent by innovative Schumpeterian monopolists (imitative entrepreneurs). Finally, we want to find some empirical evidence for our theoretical results. The work concludes with a summary of our exposition along with some thoughts about policy implications.