Is Schumpeterian "Creative Destruction" a Plausible Source of
Endogenous Real Business Cycle Shocks?

The paper looks at the linkages between growth and business cycles by bringing together
two strands of literature. The authors use a standard real business cycle approach to solve for rules of motion in state variables and proceed to generate artificial time series. They also compare the statistical properties of these series with their historical counterparts to determine if the model mimics the real world closely.